Vise Technologies Inc. boosted its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 78.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,255 shares of the company’s stock after purchasing an additional 20,793 shares during the period. Vise Technologies Inc.’s holdings in Exelon were worth $2,060,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optima Capital LLC purchased a new position in Exelon during the fourth quarter valued at approximately $25,000. Beacon Financial Strategies CORP acquired a new stake in Exelon in the fourth quarter valued at approximately $26,000. Leonteq Securities AG acquired a new stake in Exelon in the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Exelon by 289.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock valued at $34,000 after acquiring an additional 578 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in Exelon by 861.2% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 817 shares of the company’s stock valued at $36,000 after acquiring an additional 732 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Price Performance
Shares of Exelon stock opened at $45.75 on Monday. The firm has a fifty day simple moving average of $46.52 and a 200-day simple moving average of $45.99. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Exelon Corporation has a 1-year low of $42.11 and a 1-year high of $50.65. The stock has a market capitalization of $46.81 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.65 and a beta of 0.31.
Exelon Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports 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 research note on Monday, April 20th. Truist Financial reduced their target price on shares of Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Mizuho set a $48.00 target price on shares of Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Four equities research 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. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and an average target price of $50.27.
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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