Aurora Investment Counsel acquired a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 25,771 shares of the company’s stock, valued at approximately $1,123,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Optima Capital LLC bought a new position in Exelon in the fourth quarter valued at approximately $25,000. Beacon Financial Strategies CORP bought a new stake in shares of Exelon during the 4th quarter worth approximately $26,000. Leonteq Securities AG bought a new stake in shares of Exelon during the 4th quarter worth approximately $26,000. Advocate Investing Services LLC acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $30,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Stock Up 1.5%
EXC opened at $46.21 on Friday. The stock’s fifty day simple moving average is $46.20 and its 200 day simple moving average is $45.98. Exelon Corporation has a 1-year low of $42.18 and a 1-year high of $50.65. The stock has a market cap of $47.28 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.
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 issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. Exelon’s payout ratio is presently 61.54%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on EXC. Royal Bank Of Canada lowered their target price on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research note on Tuesday, April 21st. BMO Capital Markets restated a “market perform” rating and set a $49.00 price objective (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Mizuho set a $48.00 target price on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average price target of $50.27.
View Our Latest Analysis 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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