PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 187,855 shares of the company’s stock, valued at approximately $8,189,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optima Capital LLC acquired a new position in shares of Exelon in the fourth quarter worth $25,000. Beacon Financial Strategies CORP acquired a new position in shares of Exelon in the fourth quarter worth $26,000. Leonteq Securities AG acquired a new position in shares of Exelon in the fourth quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Exelon by 289.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after purchasing an additional 578 shares during the period. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in shares of Exelon by 861.2% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 817 shares of the company’s stock worth $36,000 after purchasing an additional 732 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Trading Up 2.5%
Shares of EXC stock opened at $45.75 on Friday. The stock has a 50-day simple moving average of $46.52 and a 200 day simple moving average of $46.00. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65. The stock has a market capitalization of $46.81 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.65 and a beta of 0.31. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.
Exelon Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio is currently 61.54%.
Analysts Set New Price Targets
EXC has been the topic of a number of recent analyst reports. Jefferies Financial Group cut Exelon from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $50.00 in a report on Monday, April 20th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a report on Tuesday, April 21st. UBS Group upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley cut their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, 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 research report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $50.27.
Get Our Latest 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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