Capital Research Global Investors grew its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,288,892 shares of the company’s stock after purchasing an additional 20,553 shares during the period. Capital Research Global Investors owned about 0.33% of Exelon worth $143,363,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. ASR Vermogensbeheer N.V. lifted its holdings in shares of Exelon by 28.4% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after purchasing an additional 60,250 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Exelon by 14.6% during the fourth quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock valued at $352,397,000 after purchasing an additional 1,024,106 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Exelon by 36.3% during the third quarter. Advisors Asset Management Inc. now owns 83,551 shares of the company’s stock valued at $3,761,000 after purchasing an additional 22,256 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Exelon by 26.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Exelon by 19.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after buying an additional 93,682 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Stock Performance
Shares of EXC stock opened at $44.80 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65. The stock’s 50-day moving average is $46.45 and its two-hundred day moving average is $45.98. The firm has a market cap of $45.84 billion, a P/E ratio of 16.41, a PEG ratio of 2.65 and a beta of 0.31.
Exelon Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. Exelon’s dividend payout ratio is currently 61.54%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating and set a $49.00 price target (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Truist Financial dropped their price target on Exelon from $50.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. UBS Group upped their price target on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. KeyCorp dropped their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised Exelon from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.27.
Get Our Latest Stock Analysis on Exelon
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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