Johnson Financial Group Inc. purchased a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 109,531 shares of the company’s stock, valued at approximately $5,106,000.
A number of other hedge funds have also added to or reduced their stakes in EXC. Resonant Capital Advisors LLC raised its holdings in Exelon by 2.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after purchasing an additional 217 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Exelon by 1.6% during the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after buying an additional 218 shares in the last quarter. Texas Bank & Trust Co boosted its holdings in shares of Exelon by 1.5% during the 1st quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after buying an additional 229 shares in the last quarter. Westfuller Advisors LLC boosted its stake in Exelon by 12.5% during the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock worth $103,000 after acquiring an additional 232 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Exelon by 2.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock worth $376,000 after buying an additional 233 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Stock Performance
EXC opened at $45.30 on Thursday. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The company has a fifty day moving average of $46.31 and a 200 day moving average of $46.70. The stock has a market capitalization of $46.76 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.74 and a beta of 0.31.
Exelon Dividend Announcement
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 issued a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is 61.54%.
Wall Street Analyst Weigh In
Several brokerages recently commented on EXC. Truist Financial cut their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. TD Cowen dropped their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, KeyCorp reduced their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.20.
Check Out Our Latest Stock Report on Exelon
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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