Norges Bank purchased a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,176,961 shares of the company’s stock, valued at approximately $617,974,000. Norges Bank owned about 1.40% of Exelon as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Optima Capital LLC acquired a new stake in Exelon in the fourth quarter worth about $25,000. LRI Investments LLC lifted its holdings in Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 392 shares during the period. Beacon Financial Strategies CORP acquired a new stake in Exelon in the fourth quarter worth about $26,000. Leonteq Securities AG acquired a new stake in Exelon in the fourth quarter worth about $26,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Exelon by 289.0% in the fourth 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. Institutional investors own 80.92% of the company’s stock.
Exelon Price Performance
Shares of NASDAQ EXC opened at $45.64 on Monday. Exelon Corporation has a twelve month low of $42.11 and a twelve month high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $46.70 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.64 and a beta of 0.31. The firm has a 50-day moving average of $46.75 and a two-hundred day moving average of $46.02.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s dividend payout ratio is presently 61.54%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on EXC shares. UBS Group upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Scotiabank upped their price objective on shares of Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $49.00 in a report on Friday, April 17th. TD Cowen reduced their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.27.
View Our Latest Report on Exelon
Exelon Company 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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