United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Exelon Corporation (NASDAQ:EXC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,400 shares of the company’s stock, valued at approximately $2,633,000.
Several other institutional investors have also modified their holdings of the business. Allianz Asset Management GmbH grew its stake in shares of Exelon by 170.8% during the third quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after purchasing an additional 2,841,118 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Exelon by 14.6% during the fourth quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock worth $352,397,000 after purchasing an additional 1,024,106 shares in the last quarter. ASR Vermogensbeheer N.V. grew its stake in shares of Exelon by 28.4% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after purchasing an additional 60,250 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Exelon by 30.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 491,478 shares of the company’s stock worth $22,121,000 after purchasing an additional 113,552 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Exelon by 36.3% during the third quarter. Advisors Asset Management Inc. now owns 83,551 shares of the company’s stock worth $3,761,000 after purchasing an additional 22,256 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Price Performance
Shares of EXC opened at $45.64 on Friday. Exelon Corporation has a 1-year low of $42.11 and a 1-year high of $50.65. The stock has a market cap of $46.70 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.64 and a beta of 0.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The firm has a fifty day moving average price of $46.75 and a 200 day moving average price of $46.02.
Exelon Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend 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
A number of equities analysts recently commented on EXC shares. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. KeyCorp lowered their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group downgraded 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 research note on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, Mizuho set a $48.00 target price on shares of Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $50.27.
View Our Latest 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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