Global Retirement Partners LLC bought a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 35,005 shares of the company’s stock, valued at approximately $1,632,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Exelon during the 2nd quarter valued at approximately $580,842,000. PTM Wealth Management LLC acquired a new position in shares of Exelon in the 2nd quarter valued at approximately $664,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Exelon in the 2nd quarter valued at approximately $753,000. GSA Capital Partners LLP purchased a new position in shares of Exelon during the 2nd quarter valued at approximately $898,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Exelon during the second quarter worth approximately $898,000. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Price Performance
Shares of EXC opened at $45.57 on Tuesday. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $47.04 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.77 and a beta of 0.31. The stock has a 50 day moving average of $46.32 and a 200-day moving average of $46.69.
Exelon Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio is currently 61.54%.
Analyst Ratings Changes
A number of analysts recently issued reports on EXC shares. TD Cowen dropped their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Truist Financial reduced their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley decreased their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Finally, Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.20.
Get Our Latest Stock 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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