UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Exelon Corporation (NASDAQ:EXC – Free Report) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,394,412 shares of the company’s stock after selling 19,816 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.30% of Exelon worth $624,447,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in shares of Exelon in the 4th quarter worth $25,000. Leonteq Securities AG acquired a new stake in Exelon during the fourth quarter worth about $26,000. Bell Investment Advisors Inc raised its holdings in shares of Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the period. SHP Wealth Management acquired a new position in shares of Exelon in the 4th quarter valued at about $26,000. Finally, Eastern Bank acquired a new position in shares of Exelon in the 2nd quarter valued at about $26,000. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Trading Down 0.1%
EXC opened at $43.93 on Friday. The firm’s 50 day moving average is $46.08 and its 200-day moving average is $46.69. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $45.35 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.66 and a beta of 0.31.
Exelon Dividend Announcement
The business 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 $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 Friday, September 4th. Exelon’s dividend payout ratio is 61.54%.
Analysts Set New Price Targets
EXC has been the topic of several research reports. Morgan Stanley cut their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Truist Financial cut their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. TD Cowen decreased their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. KeyCorp lowered their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Finally, Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.07.
Read Our Latest Stock Analysis on EXC
About Exelon
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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