AlphaCore Capital LLC boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 491.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,127 shares of the company’s stock after acquiring an additional 10,906 shares during the quarter. AlphaCore Capital LLC’s holdings in Exelon were worth $591,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of EXC. LRI Investments LLC lifted 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 bought a new position in Exelon during the 2nd quarter worth $29,000. Root Financial Partners LLC acquired a new position in Exelon during the 3rd quarter worth about $30,000. Steigerwald Gordon & Koch Inc. acquired a new position in Exelon during the 3rd quarter worth about $32,000. Finally, Motco raised its position in shares of Exelon by 1,008.7% during the third quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.
Exelon Price Performance
Shares of EXC opened at $49.47 on Friday. The business’s fifty day moving average is $45.02 and its 200 day moving average is $45.10. Exelon Corporation has a 12-month low of $41.71 and a 12-month high of $49.88. 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 stock has a market cap of $50.60 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.85 and a beta of 0.45.
Exelon Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.42 dividend. The ex-dividend date is 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 58.61%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on EXC. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. UBS Group boosted their price target on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wolfe Research lowered shares of Exelon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Jefferies Financial Group lowered their target price 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. Finally, Barclays dropped their target price on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $50.14.
Check Out Our Latest Analysis on EXC
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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