Dynamic Technology Lab Private Ltd lifted its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 367.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,099 shares of the company’s stock after purchasing an additional 19,730 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Exelon were worth $1,130,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Sowell Financial Services LLC raised its holdings in Exelon by 1.1% during the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock valued at $923,000 after buying an additional 215 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Exelon by 11.6% in the second quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock worth $94,000 after buying an additional 225 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Exelon by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after acquiring an additional 226 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Exelon by 5.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 4,965 shares of the company’s stock worth $223,000 after acquiring an additional 236 shares in the last quarter. Finally, Waterloo Capital L.P. increased its holdings in shares of Exelon by 2.7% during the 3rd quarter. Waterloo Capital L.P. now owns 9,075 shares of the company’s stock valued at $408,000 after acquiring an additional 236 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.
Exelon Stock Up 1.2%
Shares of EXC opened at $49.36 on Monday. 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 has a 50-day simple moving average of $45.56 and a 200-day simple moving average of $45.27. Exelon Corporation has a 52 week low of $41.71 and a 52 week high of $49.88. The firm has a market capitalization of $50.49 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.88 and a beta of 0.45.
Exelon Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a boost from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is 61.54%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on EXC shares. Scotiabank raised their price objective on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Royal Bank Of Canada assumed coverage on Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. Morgan Stanley reiterated an “underperform” rating and set a $51.00 price target on shares of Exelon in a report on Wednesday, January 21st. KeyCorp lifted their price target on shares of Exelon from $39.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, March 4th. Finally, Jefferies Financial Group reduced their price objective on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $50.50.
Get Our Latest Analysis 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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