North Dakota State Investment Board bought a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 34,666 shares of the company’s stock, valued at approximately $1,511,000.
Several other hedge funds have also bought and sold shares of the company. iA Global Asset Management Inc. lifted its stake in Exelon by 4.9% in the 4th quarter. iA Global Asset Management Inc. now owns 202,843 shares of the company’s stock valued at $8,842,000 after purchasing an additional 9,532 shares during the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in Exelon in the 4th quarter valued at about $395,000. Canada Post Corp Registered Pension Plan lifted its stake in Exelon by 8.5% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 65,961 shares of the company’s stock valued at $2,875,000 after purchasing an additional 5,162 shares during the last quarter. AlphaCore Capital LLC lifted its stake in Exelon by 24.3% in the 4th quarter. AlphaCore Capital LLC now owns 16,321 shares of the company’s stock valued at $711,000 after purchasing an additional 3,194 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in Exelon by 8.1% in the 4th quarter. DNB Asset Management AS now owns 527,023 shares of the company’s stock valued at $22,973,000 after purchasing an additional 39,602 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Up 1.5%
NASDAQ EXC opened at $44.62 on Wednesday. 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 Corporation has a 1-year low of $42.11 and a 1-year high of $50.65. The company has a 50 day moving average of $47.35 and a 200-day moving average of $46.04. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 2.55 and a beta of 0.32.
Exelon Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.
Analyst Ratings Changes
EXC has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Royal Bank Of Canada cut their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. Citigroup assumed coverage on Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Mizuho set a $48.00 price target on Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, TD Cowen reduced their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $50.33.
View 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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