HBK Investments L P raised its stake in Exelon Co. (NYSE:EXC) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 711,800 shares of the energy giant’s stock after buying an additional 130,500 shares during the period. Exelon comprises about 0.3% of HBK Investments L P’s investment portfolio, making the stock its 29th biggest position. HBK Investments L P owned 0.07% of Exelon worth $28,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the company. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Exelon in the 3rd quarter valued at $102,000. NuWave Investment Management LLC purchased a new stake in shares of Exelon in the 4th quarter valued at $105,000. Delpha Capital Management LLC purchased a new stake in shares of Exelon in the 4th quarter valued at $108,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Exelon in the 4th quarter valued at $118,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Exelon in the 4th quarter valued at $122,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Co. (EXC) opened at $37.50 on Monday. The firm has a market cap of $36,188.60, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 2.45 and a beta of 0.25. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Exelon Co. has a 12-month low of $33.30 and a 12-month high of $42.67.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Thursday, February 15th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.38 annualized dividend and a yield of 3.68%. This is a boost from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio is presently 34.94%.
A number of brokerages have recently issued reports on EXC. JPMorgan Chase & Co. cut their price objective on shares of Exelon from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. UBS Group began coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective for the company. Mizuho raised shares of Exelon from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $36.00 to $40.00 in a research note on Tuesday, January 23rd. Morgan Stanley cut their price objective on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Finally, Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exelon has a consensus rating of “Buy” and a consensus target price of $40.91.
Exelon Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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