Inceptionr LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,074 shares of the company’s stock, valued at approximately $1,180,000.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after acquiring an additional 595,555 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after acquiring an additional 5,554,494 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after acquiring an additional 595,655 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after acquiring an additional 393,917 shares in the last quarter. Finally, Capital International Investors purchased a new stake in shares of Exelon during the 4th quarter worth approximately $738,333,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Price Performance
EXC stock opened at $45.61 on Thursday. Exelon Corporation has a 1 year low of $42.18 and a 1 year high of $50.65. 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 stock’s 50 day moving average price is $46.32 and its 200 day moving average price is $45.98. The firm has a market cap of $46.67 billion, a P/E ratio of 16.71, a PEG ratio of 2.63 and a beta of 0.31.
Exelon Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 annualized dividend and a yield of 3.7%. Exelon’s payout ratio is 61.54%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wells Fargo & Company set a $50.00 target price on Exelon in a research note on Tuesday, April 21st. Barclays lowered Exelon from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $50.00 to $49.00 in a research note on Friday, April 17th. TD Cowen reduced their target price 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, Weiss Ratings raised Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. 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’s stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and an average target price of $50.27.
View Our Latest Report on Exelon
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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