MASTERINVEST Kapitalanlage GmbH purchased a new position in Exelon Corporation (NASDAQ:EXC – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,178 shares of the company’s stock, valued at approximately $1,174,000.
A number of other large investors have also recently made changes to their positions in the stock. Motiv8 Investments LLC bought a new position in Exelon during the fourth quarter valued at approximately $25,000. Leonteq Securities AG bought a new stake in Exelon in the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc raised its stake in Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the last quarter. SHP Wealth Management purchased a new stake in Exelon during the 4th quarter valued at $26,000. Finally, Eastern Bank bought a new position in shares of Exelon during the 2nd quarter valued at $26,000. 80.92% of the stock is currently owned by institutional investors.
Exelon Trading Down 1.1%
NASDAQ:EXC opened at $43.96 on Friday. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The business has a fifty day moving average price of $46.11 and a 200-day moving average price of $46.71. The firm has a market capitalization of $45.38 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.69 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99.
Exelon Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio is currently 61.54%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on EXC shares. 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. Morgan Stanley lowered their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Truist Financial cut their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, KeyCorp reduced their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.07.
View 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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