Elo Mutual Pension Insurance Co raised its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 16.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,529 shares of the company’s stock after purchasing an additional 18,961 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Exelon were worth $5,965,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. LRI Investments LLC increased its position in shares of Exelon by 210.8% in the 3rd quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 392 shares during the period. Root Financial Partners LLC purchased a new stake in Exelon during the 3rd quarter valued at about $30,000. Elevation Point Wealth Partners LLC purchased a new stake in Exelon during the 2nd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Exelon in the third quarter valued at about $32,000. Finally, Motco raised its stake in shares of Exelon by 1,008.7% in the third quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after purchasing an additional 696 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Performance
Shares of NASDAQ EXC opened at $49.17 on Tuesday. The company has a market capitalization of $50.30 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.89 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. The company’s fifty day moving average price is $45.14 and its 200 day moving average price is $45.14. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $49.88.
Exelon Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.42 per share. This is an increase from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, March 2nd. Exelon’s dividend payout ratio (DPR) is currently 58.61%.
Wall Street Analysts Forecast Growth
EXC has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Mizuho upped their price objective on shares of Exelon from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Wolfe Research cut shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Barclays decreased their target price on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Finally, UBS Group increased their price target on Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.14.
Read Our Latest Stock Analysis 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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