Prudential PLC reduced its holdings in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,595 shares of the company’s stock after selling 33,694 shares during the period. Prudential PLC’s holdings in Exelon were worth $20,339,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of EXC. ASR Vermogensbeheer N.V. boosted its position in shares of Exelon by 28.4% during the 4th 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. Nordea Investment Management AB boosted its position in shares of Exelon by 14.6% during the 4th 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. Advisors Asset Management Inc. boosted its position in shares of Exelon by 36.3% during the 3rd 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. Canada Post Corp Registered Pension Plan boosted its position in shares of Exelon by 303.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 60,799 shares of the company’s stock worth $2,692,000 after purchasing an additional 45,740 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in shares of Exelon by 26.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock worth $9,393,000 after purchasing an additional 45,723 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Trading Down 1.0%
EXC opened at $44.63 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65. The firm has a market capitalization of $45.67 billion, a PE ratio of 16.35, a P/E/G ratio of 2.61 and a beta of 0.31. The company’s 50-day moving average is $46.56 and its 200 day moving average is $46.00.
Exelon Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be paid a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s dividend payout ratio (DPR) is 61.54%.
Wall Street Analysts Forecast Growth
EXC has been the topic of a number of research analyst reports. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research report on Tuesday, April 21st. Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. Mizuho set a $48.00 target price on shares of Exelon and gave the stock a “neutral” rating in a report on Friday, April 17th. JPMorgan Chase & Co. upped their target price on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, Jefferies Financial Group lowered 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 report on Monday, April 20th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.27.
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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