SG Americas Securities LLC decreased its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 63.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,108 shares of the company’s stock after selling 944,360 shares during the period. SG Americas Securities LLC’s holdings in Exelon were worth $26,427,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of EXC. Optima Capital LLC acquired a new stake in shares of Exelon in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Exelon during the 4th quarter worth $25,000. Beacon Financial Strategies CORP acquired a new position in Exelon during the 4th quarter worth $26,000. Leonteq Securities AG purchased a new stake in Exelon during the 4th quarter worth about $26,000. Finally, SHP Wealth Management purchased a new stake in Exelon during the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Exelon Stock Up 0.6%
Exelon stock opened at $46.90 on Thursday. The stock has a market cap of $47.99 billion, a PE ratio of 17.18, a P/E/G ratio of 2.70 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The stock’s fifty day moving average is $45.75 and its two-hundred day moving average is $46.01. Exelon Corporation has a 1-year low of $42.23 and a 1-year high of $50.65.
Exelon Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s dividend payout ratio is 61.54%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Barclays cut Exelon from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Citigroup began coverage on shares of Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $50.00 in a report on Monday, April 20th. BMO Capital Markets reiterated a “market perform” rating and issued a $49.00 price target (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Finally, Royal Bank Of Canada decreased their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.27.
Read Our Latest Research Report on Exelon
Exelon 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.
Read More
- Five stocks we like better than Exelon
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC – Free Report).
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.
