Exelon Corporation (NASDAQ:EXC – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, September 4th will be given a dividend of 0.42 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 4th.
Exelon has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Exelon has a payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Exelon to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 55.1%.
Exelon Price Performance
Shares of EXC opened at $43.83 on Wednesday. Exelon has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The firm’s 50-day simple moving average is $45.98 and its two-hundred day simple moving average is $46.70. The stock has a market cap of $45.24 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Motiv8 Investments LLC bought a new position in shares of Exelon in the 4th quarter worth approximately $25,000. Leonteq Securities AG bought a new stake in Exelon during the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc increased its holdings in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the last quarter. SHP Wealth Management purchased a new stake in Exelon during the fourth quarter valued at approximately $26,000. Finally, Eastern Bank bought a new position in Exelon in the second quarter worth approximately $26,000. 80.92% of the stock is owned by hedge funds and other institutional investors.
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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