Stoneridge Investment Partners LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,589 shares of the company’s stock, valued at approximately $898,000.
Several other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc increased its position in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Exelon in the first quarter worth about $27,000. Eastern Bank bought a new stake in shares of Exelon in the second quarter worth about $26,000. Motiv8 Investments LLC bought a new stake in shares of Exelon in the fourth quarter worth about $25,000. Finally, SHP Wealth Management purchased a new position in Exelon during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Price Performance
EXC stock opened at $45.86 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The firm has a 50-day moving average of $46.30 and a 200 day moving average of $46.67. The company has a market cap of $47.34 billion, a P/E ratio of 16.80, a PEG ratio of 2.77 and a beta of 0.31.
Exelon Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s payout ratio is currently 61.54%.
Analysts Set New Price Targets
A number of research analysts have commented on EXC shares. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp cut their price objective 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 reduced their target price 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. Jefferies Financial Group downgraded Exelon from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $50.00 in a report on Monday, April 20th. Finally, Morgan Stanley dropped 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. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.20.
Check Out Our Latest Stock 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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