Van Hulzen Asset Management LLC raised its position in Exelon Corporation (NASDAQ:EXC – Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 287,413 shares of the company’s stock after acquiring an additional 12,791 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Exelon were worth $12,528,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Plimoth Trust Co. LLC lifted its holdings in Exelon by 1.8% in the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock valued at $569,000 after acquiring an additional 230 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock valued at $376,000 after acquiring an additional 233 shares during the period. Waterloo Capital L.P. lifted its holdings in Exelon by 2.7% in the third quarter. Waterloo Capital L.P. now owns 9,075 shares of the company’s stock valued at $408,000 after acquiring an additional 236 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Exelon by 2.2% in the third quarter. Axxcess Wealth Management LLC now owns 11,058 shares of the company’s stock valued at $498,000 after acquiring an additional 240 shares during the period. Finally, Seeds Investor LLC lifted its holdings in Exelon by 2.6% in the fourth quarter. Seeds Investor LLC now owns 9,536 shares of the company’s stock valued at $416,000 after acquiring an additional 241 shares during the period. Institutional investors own 80.92% of the company’s stock.
Exelon Stock Up 1.1%
NASDAQ EXC opened at $45.35 on Friday. The stock’s 50-day moving average price is $47.19 and its 200-day moving average price is $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. Exelon Corporation has a 52 week low of $42.11 and a 52 week high of $50.65. The company has a market capitalization of $46.40 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.32.
Exelon Announces Dividend
The business 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is 61.54%.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Barclays downgraded Exelon from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $50.00 to $49.00 in a report on Friday, April 17th. Citigroup assumed coverage on Exelon in a report on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price on the stock. TD Cowen lowered their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Morgan Stanley lowered their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, Mizuho set a $48.00 price objective on Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.33.
Get Our Latest Stock Report on EXC
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.
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