PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Exelon Corporation (NASDAQ:EXC – Free Report) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 194,192 shares of the company’s stock after buying an additional 12,032 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Exelon were worth $9,053,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Optima Capital LLC purchased a new stake in shares of Exelon in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Exelon during the fourth quarter worth $25,000. Leonteq Securities AG purchased a new position in Exelon in the fourth quarter valued at $26,000. Bell Investment Advisors Inc increased its holdings in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the last quarter. Finally, SHP Wealth Management acquired a new stake in Exelon in the fourth quarter valued at $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Stock Performance
NASDAQ EXC opened at $45.61 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The company has a market capitalization of $47.08 billion, a PE ratio of 16.71, a P/E/G ratio of 2.76 and a beta of 0.31. The company has a fifty day moving average of $46.29 and a two-hundred day moving average of $46.65.
Exelon Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s payout ratio is currently 61.54%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on EXC. BMO Capital Markets reaffirmed a “market perform” rating and set a $49.00 price target (down from $52.00) on shares of Exelon in a report on Friday, April 17th. TD Cowen cut their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their price target on Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 20th. Finally, Truist Financial increased their price target on shares of Exelon from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus price target of $50.33.
Check Out Our Latest Analysis on Exelon
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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