Los Angeles Capital Management LLC raised its stake in Exelon Corporation (NASDAQ:EXC – Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 843,389 shares of the company’s stock after purchasing an additional 133,348 shares during the period. Los Angeles Capital Management LLC’s holdings in Exelon were worth $39,698,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Optima Capital LLC bought a new stake in Exelon in the fourth quarter valued at $25,000. Beacon Financial Strategies CORP bought a new stake in Exelon in the fourth quarter valued at $26,000. Leonteq Securities AG bought a new stake in Exelon in the fourth quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Exelon by 289.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock valued at $34,000 after purchasing an additional 578 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its stake in Exelon by 861.2% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 817 shares of the company’s stock valued at $36,000 after purchasing an additional 732 shares in the last quarter. 80.92% of the stock is owned by institutional investors.
Exelon Stock Performance
Shares of EXC stock opened at $45.75 on Monday. Exelon Corporation has a 52-week low of $42.11 and a 52-week high of $50.65. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The company has a 50-day simple moving average of $46.52 and a two-hundred day simple moving average of $45.99. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.65 and a beta of 0.31.
Exelon Dividend Announcement
The company 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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s dividend payout ratio is presently 61.54%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $49.00 price target (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research note on Tuesday, April 21st. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Royal Bank Of Canada decreased their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. Finally, Wall Street Zen raised shares of 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.27.
View Our Latest Stock Report 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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