University of Texas Texas AM Investment Management Co. acquired a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 57,528 shares of the company’s stock, valued at approximately $2,508,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Vanguard Group Inc. lifted its holdings in shares of Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock valued at $5,715,457,000 after purchasing an additional 595,555 shares in the last quarter. State Street Corp increased its stake in Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after purchasing an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after buying an additional 5,554,494 shares during the period. Deutsche Bank AG lifted its stake in Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock valued at $913,853,000 after buying an additional 595,655 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Exelon by 2.2% in the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after buying an additional 393,917 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.
Exelon Stock Performance
Shares of EXC opened at $46.18 on Tuesday. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.68 and a beta of 0.31. Exelon Corporation has a 12 month low of $42.18 and a 12 month high of $50.65. The firm has a fifty day simple moving average of $46.14 and a 200 day simple moving average of $45.98. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, June 4th. Exelon’s dividend payout ratio is presently 61.54%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on EXC shares. Truist Financial lowered their price objective on shares of Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. UBS Group increased their target price on Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings upgraded Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Barclays cut Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. Four 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.27.
Get Our Latest Analysis 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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