Quantbot Technologies LP acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 197,215 shares of the company’s stock, valued at approximately $9,194,000.
A number of other institutional investors have also made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its position in Exelon by 2.4% during the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after purchasing an additional 217 shares during the period. PFG Investments LLC grew its holdings in Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after purchasing an additional 218 shares during the last quarter. Texas Bank & Trust Co raised its position in shares of Exelon by 1.5% in the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after purchasing an additional 229 shares during the period. Westfuller Advisors LLC lifted its stake in shares of Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock worth $103,000 after buying an additional 232 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock worth $376,000 after buying an additional 233 shares during the last quarter. 80.92% of the stock is owned by institutional investors.
Exelon Trading Down 2.8%
Shares of EXC stock opened at $43.78 on Friday. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The firm’s fifty day simple moving average is $46.25 and its 200 day simple moving average is $46.68. The firm has a market capitalization of $45.19 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is presently 61.54%.
Analyst Ratings Changes
A number of research firms recently issued reports on EXC. Truist Financial lowered their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Morgan Stanley cut their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings cut shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. TD Cowen lowered their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Finally, KeyCorp dropped their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.07.
Check Out Our Latest Report on Exelon
Exelon Company Profile
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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