Capital Innovations LLC bought a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 77,480 shares of the company’s stock, valued at approximately $3,377,000.
Other hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock valued at $202,742,000 after buying an additional 2,841,118 shares in the last quarter. Nordea Investment Management AB increased its position in Exelon by 14.6% during the 4th quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock valued at $352,397,000 after buying an additional 1,024,106 shares in the last quarter. ASR Vermogensbeheer N.V. increased its position in Exelon by 28.4% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after buying an additional 60,250 shares in the last quarter. Advisors Asset Management Inc. increased its position in Exelon by 36.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 83,551 shares of the company’s stock valued at $3,761,000 after buying an additional 22,256 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan increased its position in Exelon by 303.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 60,799 shares of the company’s stock valued at $2,692,000 after buying an additional 45,740 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.
Exelon Stock Up 0.6%
Exelon stock opened at $45.00 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The business’s 50-day simple moving average is $46.69 and its two-hundred day simple moving average is $46.02. The company has a market cap of $46.04 billion, a PE ratio of 16.48, a PEG ratio of 2.59 and a beta of 0.31. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio is presently 61.54%.
Analyst Ratings Changes
EXC has been the topic of several recent analyst reports. Jefferies Financial Group lowered Exelon from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $50.00 in a research report on Monday, April 20th. Wells Fargo & Company set a $50.00 target price on Exelon in a research report on Tuesday, April 21st. Barclays downgraded Exelon from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $50.00 to $49.00 in a research note on Friday, April 17th. TD Cowen dropped their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, UBS Group boosted their price target on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus price target of $50.27.
Read Our Latest Analysis 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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