UBS Group assumed coverage on shares of Exelon (NYSE:EXC) in a research report sent to investors on Friday morning, www.benzinga.com reports. The firm issued a buy rating and a $44.00 target price on the energy giant’s stock.
EXC has been the subject of a number of other reports. Bank of America assumed coverage on Exelon in a research report on Tuesday, October 24th. They set a buy rating and a $43.00 target price for the company. Zacks Investment Research upgraded Exelon from a sell rating to a hold rating in a research report on Friday, October 20th. Royal Bank of Canada restated a buy rating and issued a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Mizuho assumed coverage on Exelon in a research report on Friday, December 15th. They issued an underperform rating and a $36.00 price target for the company. Finally, Morgan Stanley raised their price target on Exelon from $42.00 to $43.00 and gave the stock an equal weight rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $41.28.
Exelon (NYSE:EXC) opened at $36.92 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $35,470.00, a P/E ratio of 16.56, a PEG ratio of 2.99 and a beta of 0.23. Exelon has a 52-week low of $33.30 and a 52-week high of $42.67.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be paid a $0.345 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.74%. Exelon’s dividend payout ratio (DPR) is presently 58.74%.
In other Exelon news, Chairman Mayo A. Shattuck III sold 100,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the sale, the chairman now owns 267,649 shares in the company, valued at $11,008,403.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total value of $541,627.08. Following the completion of the sale, the executive vice president now owns 26,435 shares in the company, valued at approximately $1,073,789.70. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in EXC. Dimensional Fund Advisors LP increased its stake in Exelon by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,680,115 shares of the energy giant’s stock worth $60,598,000 after purchasing an additional 7,069 shares during the period. Balyasny Asset Management LLC purchased a new stake in Exelon in the second quarter worth $11,065,000. Prudential PLC increased its stake in Exelon by 44.3% in the second quarter. Prudential PLC now owns 421,527 shares of the energy giant’s stock worth $15,204,000 after purchasing an additional 129,368 shares during the period. Macquarie Group Ltd. increased its stake in Exelon by 9.0% in the second quarter. Macquarie Group Ltd. now owns 34,000 shares of the energy giant’s stock worth $1,226,000 after purchasing an additional 2,800 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Exelon by 1,261.9% in the second quarter. Janus Henderson Group PLC now owns 1,684,070 shares of the energy giant’s stock worth $60,745,000 after purchasing an additional 1,560,416 shares during the period. Institutional investors and hedge funds own 77.71% of the company’s stock.
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Exelon Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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