Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386,626 shares of the company’s stock after selling 75,542 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Exelon were worth $16,853,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Optima Capital LLC acquired a new position in Exelon during the 4th quarter worth approximately $25,000. Beacon Financial Strategies CORP acquired a new position in Exelon during the 4th quarter worth approximately $26,000. Leonteq Securities AG acquired a new position in Exelon during the 4th quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Exelon by 289.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after purchasing an additional 578 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its position in Exelon by 861.2% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 817 shares of the company’s stock worth $36,000 after purchasing an additional 732 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Price Performance
Shares of NASDAQ:EXC opened at $45.75 on Friday. The business’s 50 day simple moving average is $46.52 and its 200-day simple moving average is $46.00. The firm has a market capitalization of $46.81 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.65 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 $42.11 and a 12 month high of $50.65.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio is presently 61.54%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Morgan Stanley dropped their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen raised Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. KeyCorp decreased their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. TD Cowen decreased their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Mizuho set a $48.00 price target on Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Four equities research 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. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $50.27.
View Our Latest Stock 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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