Banque Cantonale Vaudoise raised its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 27.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 66,179 shares of the company’s stock after purchasing an additional 14,096 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Exelon were worth $3,244,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after purchasing an additional 595,555 shares in the last quarter. State Street Corp raised its stake in shares of Exelon by 4.0% in the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after purchasing an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Exelon by 3.0% in the fourth quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock valued at $1,008,239,000 after purchasing an additional 683,950 shares in the last quarter. Deutsche Bank AG lifted its position in Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after purchasing an additional 595,655 shares during the period. Finally, Wellington Management Group LLP lifted its position in Exelon by 2.2% in the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after purchasing an additional 393,917 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Price Performance
Shares of Exelon stock opened at $46.75 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $47.84 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 2.72 and a beta of 0.31. Exelon Corporation has a 1-year low of $42.23 and a 1-year high of $50.65. The firm’s 50-day moving average price is $45.71 and its two-hundred day moving average price is $46.03.
Exelon Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s payout ratio is currently 61.54%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $49.00 price target (down from $52.00) on shares of Exelon in a report on Friday, April 17th. Truist Financial lowered their target price on shares of Exelon from $50.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Royal Bank Of Canada dropped their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Citigroup assumed coverage on Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average price target of $50.27.
Read Our Latest Analysis on Exelon
About Exelon
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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