SG Americas Securities LLC grew its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 391.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,483,468 shares of the company’s stock after acquiring an additional 1,181,581 shares during the quarter. SG Americas Securities LLC’s holdings in Exelon were worth $64,664,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in EXC. LRI Investments LLC grew 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 buying an additional 392 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Exelon during the 3rd quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC acquired a new stake in Exelon during the 2nd quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Exelon during the 3rd quarter worth approximately $32,000. Finally, Motco grew its stake in shares of Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after purchasing an additional 696 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Stock Performance
NASDAQ EXC opened at $47.29 on Wednesday. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.74 and a beta of 0.45. The business’s 50 day moving average is $46.82 and its two-hundred day moving average is $45.67. Exelon Corporation has a 12-month low of $41.71 and a 12-month high of $50.65. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66.
Exelon Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. This is an increase from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. Exelon’s dividend payout ratio is 61.54%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Barclays dropped their target price on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Jefferies Financial Group decreased their price target on Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Royal Bank Of Canada started coverage on shares of Exelon in a research note on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Exelon from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.93.
Check Out Our Latest Report 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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