Exelon Co. (NASDAQ:EXC) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its position in Exelon Co. (NASDAQ:EXC) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,100 shares of the company’s stock after selling 4,900 shares during the quarter. Forsta AP Fonden’s holdings in Exelon were worth $8,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Czech National Bank grew its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after buying an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Exelon by 20.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after acquiring an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after acquiring an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares in the last quarter. Finally, State Street Corp raised its stake in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $40.02 on Friday. The company has a market cap of $40.21 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The stock’s 50-day moving average is $38.18 and its 200-day moving average is $38.49.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the previous year, the company posted $0.67 earnings per share. Exelon’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Exelon Co. will post 2.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXC shares. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Scotiabank raised their price objective on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Barclays dropped their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.13.

About Exelon

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.