Deutsche Bank AG lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,964,736 shares of the company’s stock after acquiring an additional 595,655 shares during the quarter. Deutsche Bank AG owned approximately 2.08% of Exelon worth $913,853,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optima Capital LLC bought a new stake in Exelon in the 4th quarter valued at $25,000. Beacon Financial Strategies CORP bought a new stake in Exelon in the 4th quarter valued at $26,000. Leonteq Securities AG bought a new stake in Exelon in the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new stake in Exelon in the 4th quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Exelon by 289.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock valued at $34,000 after purchasing an additional 578 shares during the period. 80.92% of the stock is currently owned by institutional investors.
Exelon Price Performance
Shares of NASDAQ EXC opened at $45.33 on Wednesday. The stock has a market capitalization of $46.38 billion, a PE ratio of 16.60, a P/E/G ratio of 2.60 and a beta of 0.31. 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 business has a fifty day moving average price of $46.39 and a two-hundred day moving average price of $45.98. Exelon Corporation has a fifty-two week low of $42.15 and a fifty-two week high of $50.65.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is 61.54%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on EXC shares. BMO Capital Markets restated a “market perform” rating and issued a $49.00 price target (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Morgan Stanley reduced 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. Scotiabank boosted their price target on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Mizuho set a $48.00 price target on Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Weiss Ratings upgraded Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.27.
Check Out Our Latest Research Report on Exelon
Exelon 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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