Trivium Point Advisory LLC bought a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,626 shares of the company’s stock, valued at approximately $589,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Resonant Capital Advisors LLC increased its position in Exelon by 2.4% during the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after acquiring an additional 217 shares during the period. PFG Investments LLC boosted its holdings in Exelon by 1.6% in the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after purchasing an additional 218 shares during the period. Texas Bank & Trust Co boosted its holdings in Exelon by 1.5% in the 1st quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after purchasing an additional 229 shares during the period. Plimoth Trust Co. LLC grew its position in shares of Exelon by 1.8% during the 4th quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock worth $569,000 after purchasing an additional 230 shares in the last quarter. Finally, Westfuller Advisors LLC grew its position in shares of Exelon by 12.5% during the 1st quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock worth $103,000 after purchasing an additional 232 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Performance
NASDAQ EXC opened at $45.86 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $47.34 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 2.77 and a beta of 0.31. The firm’s 50 day simple moving average is $46.30 and its 200 day simple moving average is $46.69. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $50.00 in a report on Monday, April 20th. Morgan Stanley cut their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. KeyCorp reduced their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada lowered their price objective on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Finally, Wells Fargo & Company set a $50.00 price objective on Exelon in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.20.
Read Our Latest Analysis on EXC
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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