Rakuten Investment Management Inc. raised its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 560.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,423 shares of the company’s stock after acquiring an additional 159,060 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Exelon were worth $8,177,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caxton Associates LLP acquired a new stake in shares of Exelon in the 1st quarter worth approximately $286,000. Woodline Partners LP grew its holdings in shares of Exelon by 40.7% in the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after acquiring an additional 24,580 shares during the period. Jump Financial LLC acquired a new stake in shares of Exelon in the 2nd quarter worth approximately $2,448,000. Gamco Investors INC. ET AL acquired a new stake in shares of Exelon in the 2nd quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Exelon by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after acquiring an additional 14,240 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.
Exelon Stock Up 0.9%
EXC opened at $46.59 on Wednesday. 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 firm has a market cap of $47.67 billion, a P/E ratio of 17.07, a PEG ratio of 2.68 and a beta of 0.31. Exelon Corporation has a 52 week low of $42.18 and a 52 week high of $50.65. The business’s fifty day simple moving average is $46.08 and its 200 day simple moving average is $45.98.
Exelon Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were issued a $0.42 dividend. The ex-dividend date was Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.6%. Exelon’s payout ratio is 61.54%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on EXC. JPMorgan Chase & Co. lifted their target price on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Royal Bank Of Canada cut their target price on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. BMO Capital Markets restated a “market perform” rating and set a $49.00 target price (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Four investment 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. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus price target of $50.27.
Read 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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