Daiwa Securities Group Inc. lifted its position in Exelon Corporation (NASDAQ:EXC – Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,791 shares of the company’s stock after acquiring an additional 16,931 shares during the period. Daiwa Securities Group Inc.’s holdings in Exelon were worth $17,645,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of EXC. Optima Capital LLC acquired a new stake in Exelon during the 4th quarter worth approximately $25,000. Beacon Financial Strategies CORP acquired a new stake in Exelon during the 4th quarter worth approximately $26,000. Leonteq Securities AG acquired a new stake in Exelon during the 4th quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Exelon by 289.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after buying an additional 578 shares during the period. Finally, Jackson Grant Investment Advisers Inc. raised its holdings in Exelon by 861.2% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 817 shares of the company’s stock worth $36,000 after buying an additional 732 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Price Performance
NASDAQ EXC opened at $45.75 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. Exelon Corporation has a 12-month low of $42.11 and a 12-month high of $50.65. The company has a market capitalization of $46.81 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.31. The firm’s 50 day moving average is $46.52 and its 200-day moving average is $46.00.
Exelon Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be issued 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 (DPR) is 61.54%.
Wall Street Analysts Forecast Growth
Several analysts have commented on EXC shares. Morgan Stanley dropped their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Citigroup started coverage on shares of Exelon in a report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Mizuho set a $48.00 target price on shares of Exelon and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Scotiabank raised their target price on shares of Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.27.
Read Our Latest Research Report on EXC
About Exelon
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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