BNP Paribas Financial Markets boosted its stake in Exelon Corporation (NASDAQ:EXC – Free Report) by 14.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,925,943 shares of the company’s stock after purchasing an additional 248,961 shares during the period. BNP Paribas Financial Markets’ holdings in Exelon were worth $86,687,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its stake in Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after acquiring an additional 2,841,118 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. grew its position in Exelon by 3.6% in the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock valued at $260,685,000 after acquiring an additional 208,242 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Exelon by 3.0% during the third quarter. Maryland State Retirement & Pension System now owns 987,350 shares of the company’s stock worth $44,441,000 after purchasing an additional 28,443 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in Exelon during the third quarter worth about $10,875,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Exelon by 92.9% during the third quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock worth $2,418,000 after purchasing an additional 25,863 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Stock Up 1.3%
EXC stock opened at $49.48 on Friday. The company’s 50 day moving average price is $46.00 and its 200 day moving average price is $45.38. The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.84 and a beta of 0.45. Exelon Corporation has a fifty-two week low of $41.71 and a fifty-two week high of $49.88. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92.
Exelon Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, March 2nd. This is an increase from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s payout ratio is presently 61.54%.
Analyst Upgrades and Downgrades
EXC has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Wells Fargo & Company increased their target price on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Mizuho increased their target price on shares of Exelon from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. UBS Group boosted their price target on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Morgan Stanley reaffirmed an “underperform” rating and set a $51.00 price objective on shares of Exelon in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.93.
Read Our Latest Analysis on EXC
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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