AXQ Capital LP bought a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,891 shares of the company’s stock, valued at approximately $580,000.
A number of other large investors also recently made changes to their positions in EXC. LRI Investments LLC boosted its holdings in shares of Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 392 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Exelon in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in shares of Exelon during the 3rd quarter valued at $30,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Exelon during the 3rd quarter valued at $32,000. Finally, Motco grew its holdings in shares of Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after acquiring an additional 696 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Trading Up 0.8%
Shares of EXC stock opened at $48.59 on Wednesday. Exelon Corporation has a 12 month low of $41.71 and a 12 month high of $49.11. The company has a market cap of $49.70 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.81 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $44.73 and its two-hundred day moving average is $45.02.
Exelon Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 2nd. Exelon’s dividend payout ratio is currently 58.61%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Morgan Stanley reiterated an “underperform” rating and set a $51.00 price objective on shares of Exelon in a report on Wednesday, January 21st. Wells Fargo & Company raised their price target on Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. UBS Group boosted their price target on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Wolfe Research cut shares of Exelon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.14.
Check Out Our Latest Research Report on Exelon
Exelon Company 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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