Eurizon Capital SGR S.p.A. acquired a new position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 875,259 shares of the company’s stock, valued at approximately $38,181,000.
A number of other large investors also recently bought and sold shares of EXC. Lazard Asset Management LLC raised its position in Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after buying an additional 5,554,494 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in Exelon by 134,604.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock worth $160,137,000 after buying an additional 3,554,891 shares during the last quarter. Allianz Asset Management GmbH raised its position in Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after buying an additional 2,841,118 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Exelon during the 4th quarter worth $119,749,000. Finally, Man Group plc raised its position in Exelon by 99.4% during the 2nd quarter. Man Group plc now owns 3,034,725 shares of the company’s stock worth $131,768,000 after buying an additional 1,512,552 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Stock Performance
Shares of EXC opened at $45.64 on Friday. The company has a 50-day simple moving average of $46.75 and a 200-day simple moving average of $46.02. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $46.70 billion, a PE ratio of 16.72, a P/E/G ratio of 2.64 and a beta of 0.32. Exelon Corporation has a 52-week low of $42.11 and a 52-week high of $50.65.
Exelon Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Scotiabank upped their price objective on shares of Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Citigroup began coverage on shares of Exelon in a report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target for the company. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.27.
Check Out 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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