LFG Wealth Partners LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,202 shares of the company’s stock, valued at approximately $750,000.
Other institutional investors have also recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in shares of Exelon during the 4th quarter worth $25,000. Optima Capital LLC acquired a new position in Exelon in the fourth quarter valued at $25,000. Beacon Financial Strategies CORP acquired a new stake in shares of Exelon during the fourth quarter worth about $26,000. Leonteq Securities AG purchased a new position in Exelon during the 4th quarter worth approximately $26,000. Finally, Advocate Investing Services LLC acquired a new position in Exelon during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Stock Performance
Shares of NASDAQ:EXC opened at $46.18 on Tuesday. The business has a 50-day moving average of $46.14 and a two-hundred day moving average of $45.98. The firm has a market capitalization of $47.25 billion, a PE ratio of 16.92, a P/E/G ratio of 2.68 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. Exelon Corporation has a 12 month low of $42.18 and a 12 month high of $50.65.
Exelon Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.6%. Exelon’s dividend payout ratio (DPR) is 61.54%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on EXC shares. Citigroup started coverage on shares of Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $49.00 price objective (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. TD Cowen cut their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Mizuho set a $48.00 price target on Exelon and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada decreased their price objective 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. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.27.
View Our Latest 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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