LFG Wealth Partners LLC purchased 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 fund purchased 17,202 shares of the company’s stock, valued at approximately $750,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Motiv8 Investments LLC bought a new stake in shares of Exelon in the 4th quarter worth approximately $25,000. Optima Capital LLC acquired a new position in shares of Exelon during the fourth quarter valued at $25,000. Beacon Financial Strategies CORP bought a new position in shares of Exelon during the fourth quarter worth about $26,000. Leonteq Securities AG acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $26,000. Finally, Advocate Investing Services LLC bought a new stake in shares of Exelon during the fourth quarter valued at approximately $30,000. Institutional investors own 80.92% of the company’s stock.
Exelon Trading Down 0.1%
NASDAQ EXC opened at $46.18 on Tuesday. The firm’s 50 day moving average price is $46.14 and its two-hundred day moving average price is $45.98. The stock has a market cap of $47.25 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.68 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a twelve month low of $42.18 and a twelve month high of $50.65.
Exelon Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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 (DPR) is 61.54%.
Analyst Upgrades and Downgrades
EXC has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Morgan Stanley reduced their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Barclays lowered 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 note on Friday, April 17th. TD Cowen decreased their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their target price on Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus price target of $50.27.
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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