Elyxium Wealth LLC Buys 3,527 Shares of Exelon Corporation $EXC

Elyxium Wealth LLC boosted its position in shares of Exelon Corporation (NASDAQ:EXC) by 60.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,333 shares of the company’s stock after purchasing an additional 3,527 shares during the period. Elyxium Wealth LLC’s holdings in Exelon were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXC. Edgestream Partners L.P. boosted its holdings in shares of Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after acquiring an additional 150,876 shares during the period. Arizona State Retirement System boosted its holdings in shares of Exelon by 3.6% in the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after purchasing an additional 10,176 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Exelon by 14.9% in the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after acquiring an additional 63,009 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Exelon in the 1st quarter valued at $47,789,000. Finally, Intech Investment Management LLC lifted its stake in shares of Exelon by 24.6% in the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after acquiring an additional 8,809 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 0.2%

Shares of NASDAQ:EXC opened at $46.20 on Tuesday. The firm has a market cap of $46.66 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.93 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The business has a fifty day simple moving average of $45.25 and a 200 day simple moving average of $44.53.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI assumed coverage on Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. TD Cowen assumed coverage on Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target for the company. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. KeyCorp increased their price target on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Finally, Barclays increased their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and an average target price of $50.55.

Exelon Company Profile

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.