1 North Wealth Services LLC Takes $1.17 Million Position in Exelon Co. (EXC)
1 North Wealth Services LLC bought a new position in shares of Exelon Co. (NYSE:EXC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,849 shares of the energy giant’s stock, valued at approximately $1,166,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc increased its position in Exelon by 1.7% during the third quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock worth $3,375,540,000 after buying an additional 1,309,965 shares during the period. Oregon Public Employees Retirement Fund increased its position in Exelon by 4,439.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,185,910 shares of the energy giant’s stock worth $514,000 after buying an additional 22,675,097 shares during the period. LSV Asset Management increased its position in Exelon by 0.3% during the fourth quarter. LSV Asset Management now owns 13,204,962 shares of the energy giant’s stock worth $595,543,000 after buying an additional 38,380 shares during the period. Bank of New York Mellon Corp increased its position in Exelon by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock worth $517,335,000 after buying an additional 689,774 shares during the period. Finally, Capital International Investors increased its position in Exelon by 29.8% during the third quarter. Capital International Investors now owns 11,113,684 shares of the energy giant’s stock worth $485,223,000 after buying an additional 2,550,676 shares during the period. 80.71% of the stock is currently owned by institutional investors and hedge funds.
Exelon stock opened at $47.90 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. Exelon Co. has a 1-year low of $36.22 and a 1-year high of $48.17. The company has a market capitalization of $46.38 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 3.31 and a beta of 0.39.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 20th will be paid a $0.3625 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This is an increase from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.03%. Exelon’s payout ratio is 44.23%.
EXC has been the topic of several analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $49.00 target price on shares of Exelon in a research note on Tuesday. Wells Fargo & Co reiterated a “hold” rating on shares of Exelon in a research note on Friday, February 8th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Friday, December 7th. Barclays lifted their target price on Exelon from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Morgan Stanley set a $48.00 target price on Exelon and gave the company a “hold” rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Exelon currently has a consensus rating of “Buy” and a consensus price target of $46.94.
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Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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