Aaron Wealth Advisors LLC raised its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 64.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,553 shares of the company’s stock after acquiring an additional 11,182 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Exelon were worth $1,245,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LRI Investments LLC boosted its holdings in 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 acquiring an additional 392 shares during the last quarter. Beacon Financial Strategies CORP acquired a new stake in Exelon during the 4th quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Exelon during the 3rd quarter worth about $30,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Exelon during the 3rd quarter worth about $32,000. Finally, Motco grew its holdings in Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after acquiring an additional 696 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Up 0.2%
Exelon stock opened at $49.05 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12-month low of $41.71 and a 12-month high of $50.65. The firm’s fifty day moving average is $47.68 and its 200 day moving average is $46.06. The company has a market capitalization of $50.19 billion, a PE ratio of 17.97, a PEG ratio of 2.87 and a beta of 0.41.
Exelon Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.42 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Exelon’s previous quarterly dividend of $0.40. Exelon’s dividend payout ratio (DPR) is currently 61.54%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Jefferies Financial Group decreased their price target on Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Wells Fargo & Company increased their price target on Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Scotiabank increased their price target on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Mizuho increased their price target on Exelon from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, KeyCorp increased their price target on Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Nine 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’s stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $51.47.
Get 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.
Further Reading
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