Flputnam Investment Management Co. purchased a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 96,982 shares of the company’s stock, valued at approximately $4,521,000.
Other hedge funds have also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. increased its stake in Exelon by 28.4% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after buying an additional 60,250 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its holdings in Exelon by 26.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares during the period. Asset Management One Co. Ltd. grew its stake in Exelon by 19.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock worth $25,404,000 after purchasing an additional 93,682 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Exelon by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 581,300 shares of the company’s stock worth $25,339,000 after purchasing an additional 89,822 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock worth $23,569,000 after purchasing an additional 289,436 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Price Performance
Shares of NASDAQ EXC opened at $45.86 on Monday. The business has a 50-day moving average price of $46.30 and a 200 day moving average price of $46.69. The stock has a market cap of $47.34 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65.
Exelon Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio is 61.54%.
Wall Street Analyst Weigh In
EXC has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research report on Tuesday, April 21st. KeyCorp dropped their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley cut their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada cut their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.20.
Read Our Latest Analysis on EXC
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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