LaSalle St. Investment Advisors LLC acquired a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,769 shares of the company’s stock, valued at approximately $1,201,000.
A number of other institutional investors and hedge funds have also made changes to their positions in EXC. Motiv8 Investments LLC acquired a new position in shares of Exelon during the 4th quarter worth approximately $25,000. Leonteq Securities AG purchased a new position in shares of Exelon during the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc grew its stake in Exelon by 113.4% in the 1st 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. SHP Wealth Management acquired a new stake in Exelon in the 4th quarter valued at $26,000. Finally, Eastern Bank purchased a new stake in Exelon in the 2nd quarter worth $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Stock Performance
NASDAQ EXC opened at $45.06 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. The stock’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $46.71. The company has a market cap of $46.51 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.74 and a beta of 0.31. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65.
Exelon Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio is presently 61.54%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Truist Financial reduced their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. TD Cowen dropped 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. Weiss Ratings cut shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, KeyCorp reduced their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. 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.com, the company has a consensus rating of “Hold” and a consensus price target of $50.20.
Check Out Our Latest Research Report on EXC
Exelon 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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