Versor Investments LP bought a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,176 shares of the company’s stock, valued at approximately $1,359,000.
Other institutional investors have also made changes to their positions in the company. Optima Capital LLC acquired a new stake in shares of Exelon during the fourth quarter worth $25,000. LRI Investments LLC lifted its holdings in shares of Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 392 shares in the last quarter. Beacon Financial Strategies CORP bought a new stake in shares of Exelon in the fourth quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in shares of Exelon in the third quarter valued at about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Exelon by 289.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock valued at $34,000 after purchasing an additional 578 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.
Exelon Price Performance
Exelon stock opened at $44.19 on Tuesday. Exelon Corporation has a 12 month low of $41.71 and a 12 month high of $50.65. The stock’s 50 day moving average is $47.94 and its 200-day moving average is $46.19. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $45.22 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.54 and a beta of 0.32.
Exelon Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon’s dividend payout ratio is presently 61.54%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on EXC. Morgan Stanley cut their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wolfe Research lowered Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Scotiabank upped their target price on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Truist Financial initiated coverage on Exelon in a report on Monday, April 20th. They set a “hold” rating and a $50.00 target price on the stock. Finally, Jefferies Financial Group lowered Exelon from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $50.00 in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.47.
Check Out Our Latest Report on EXC
Exelon 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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