Exchange Traded Concepts LLC trimmed its position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 50.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,815 shares of the company’s stock after selling 26,896 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Exelon were worth $1,169,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Caxton Associates LLP bought a new position in Exelon in the 1st quarter valued at about $286,000. Woodline Partners LP boosted its stake in Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after purchasing an additional 24,580 shares during the last quarter. XTX Topco Ltd bought a new stake in Exelon during the 2nd quarter worth approximately $364,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Exelon in the second quarter worth approximately $29,000. Finally, Lido Advisors LLC raised its stake in shares of Exelon by 21.0% in the second quarter. Lido Advisors LLC now owns 43,520 shares of the company’s stock worth $1,890,000 after purchasing an additional 7,541 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.
Exelon Stock Performance
EXC stock opened at $49.33 on Friday. 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 firm has a market cap of $50.47 billion, a PE ratio of 18.07, a P/E/G ratio of 2.84 and a beta of 0.41. The business has a 50 day moving average of $47.40 and a 200-day moving average of $45.90. Exelon Corporation has a 12-month low of $41.71 and a 12-month high of $50.65.
Exelon Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s dividend payout ratio (DPR) is presently 61.54%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Wolfe Research lowered Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Barclays dropped their price objective on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Finally, Royal Bank Of Canada initiated coverage on shares of Exelon in a report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.47.
Check Out Our Latest Stock 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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