Generali Asset Management SPA SGR Invests $2.82 Million in Exelon Co. (NASDAQ:EXC)

Generali Asset Management SPA SGR acquired a new position in Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 75,020 shares of the company’s stock, valued at approximately $2,824,000.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC grew its stake in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of Exelon in the 4th quarter worth approximately $30,000. Crews Bank & Trust purchased a new stake in Exelon during the fourth quarter valued at about $34,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after buying an additional 513 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Exelon in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 0.0 %

Shares of Exelon stock opened at $44.44 on Thursday. The stock has a market capitalization of $44.67 billion, a P/E ratio of 18.14, a PEG ratio of 2.86 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a 50 day moving average price of $41.71 and a two-hundred day moving average price of $39.88. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.20.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, February 24th. Exelon’s payout ratio is currently 65.31%.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXC shares. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.