MGO One Seven LLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 118.5% during the third quarter, HoldingsChannel reports. The firm owned 24,190 shares of the company’s stock after buying an additional 13,118 shares during the quarter. MGO One Seven LLC’s holdings in Exelon were worth $1,089,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in EXC. Caxton Associates LLP acquired a new stake in shares of Exelon during the first quarter worth $286,000. Woodline Partners LP increased its holdings in Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Exelon by 7.1% in the 2nd quarter. Parallel Advisors LLC now owns 12,450 shares of the company’s stock valued at $541,000 after purchasing an additional 824 shares during the period. Czech National Bank raised its stake in shares of Exelon by 6.9% in the 2nd quarter. Czech National Bank now owns 246,766 shares of the company’s stock valued at $10,715,000 after purchasing an additional 15,884 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in shares of Exelon in the second quarter valued at about $639,000. Institutional investors own 80.92% of the company’s stock.
Exelon Stock Performance
NASDAQ EXC opened at $44.15 on Friday. The stock has a market cap of $44.60 billion, a PE ratio of 15.82, a P/E/G ratio of 2.56 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The firm has a 50-day moving average of $44.49 and a 200-day moving average of $44.67. Exelon Corporation has a 52-week low of $37.90 and a 52-week high of $48.51.
Exelon Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were paid a $0.40 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon’s payout ratio is 57.35%.
Wall Street Analysts Forecast Growth
EXC has been the topic of several research reports. Morgan Stanley restated an “underperform” rating and issued a $52.00 target price on shares of Exelon in a research note on Thursday, November 20th. TD Cowen started coverage on shares of Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.85.
Read Our Latest Stock 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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