Hsbc Holdings PLC boosted its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,890,472 shares of the company’s stock after acquiring an additional 571,804 shares during the quarter. Hsbc Holdings PLC’s holdings in Exelon were worth $414,530,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caxton Associates LLP acquired a new stake in shares of Exelon during the 1st quarter worth about $286,000. Woodline Partners LP grew its stake in Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after buying an additional 24,580 shares during the last quarter. Jump Financial LLC bought a new stake in Exelon during the second quarter worth about $2,448,000. Gamco Investors INC. ET AL acquired a new stake in shares of Exelon during the second quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after buying an additional 14,240 shares in the last quarter. 80.92% of the stock is owned by institutional investors.
Exelon Stock Performance
EXC stock opened at $43.64 on Monday. The company has a market cap of $45.05 billion, a P/E ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.30. Exelon Corporation has a twelve month low of $42.58 and a twelve month 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 business has a fifty day moving average of $45.80 and a 200-day moving average of $46.61.
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 $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on EXC shares. TD Cowen reduced their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. KeyCorp dropped 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. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Morgan Stanley reduced their price objective on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Finally, Truist Financial decreased their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Hold” and an average price target of $50.07.
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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