Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 100.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 774,076 shares of the company’s stock after purchasing an additional 387,450 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.08% of Exelon worth $37,945,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Exelon by 0.5% during the fourth 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 boosted its position in shares of Exelon by 4.0% during the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after buying an additional 2,550,786 shares during the period. Lazard Asset Management LLC grew 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 buying an additional 683,950 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock valued at $913,853,000 after buying an additional 595,655 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Exelon by 2.2% in the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after buying an additional 393,917 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Stock Up 3.5%
Shares of NASDAQ:EXC opened at $47.88 on Friday. The company has a market capitalization of $48.99 billion, a PE ratio of 17.54, a P/E/G ratio of 2.68 and a beta of 0.31. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Exelon Corporation has a twelve month low of $42.47 and a twelve month high of $50.65. The firm has a 50 day simple moving average of $45.72 and a 200-day simple moving average of $46.16.
Exelon Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Thursday, June 4th. Exelon’s dividend payout ratio is currently 61.54%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on EXC shares. TD Cowen cut their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. KeyCorp lowered their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Mizuho set a $48.00 target price on Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Wells Fargo & Company set a $50.00 price target on Exelon in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $50.27.
Read 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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