Edmond DE Rothschild Holding S.A. bought a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,125 shares of the company’s stock, valued at approximately $2,570,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Motiv8 Investments LLC bought a new stake in Exelon during the 4th quarter valued at approximately $25,000. Leonteq Securities AG purchased a new position in shares of Exelon during the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc raised its position in shares of Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares in the last quarter. SHP Wealth Management bought a new position in shares of Exelon in the 4th quarter worth approximately $26,000. Finally, Eastern Bank purchased a new position in shares of Exelon in the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Price Performance
EXC opened at $45.06 on Friday. The firm has a market cap of $46.51 billion, a PE ratio of 16.51, a P/E/G ratio of 2.74 and a beta of 0.31. The stock has a 50-day moving average price of $46.30 and a 200-day moving average price of $46.71. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon’s payout ratio is currently 61.54%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Truist Financial lowered their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. KeyCorp dropped their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Finally, TD Cowen reduced their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus target price of $50.20.
Check Out 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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