Envestnet Portfolio Solutions Inc. increased its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,071 shares of the company’s stock after acquiring an additional 35,868 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Exelon were worth $12,688,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Optima Capital LLC purchased a new stake in shares of Exelon in the fourth quarter valued at about $25,000. LRI Investments LLC boosted its holdings in shares of Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 392 shares in the last quarter. Beacon Financial Strategies CORP purchased a new stake in shares of Exelon in the fourth quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Exelon in the third quarter valued at about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Performance
NASDAQ:EXC opened at $44.62 on Wednesday. The firm has a 50 day simple moving average of $47.35 and a 200-day simple moving average of $46.04. 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 firm has a market cap of $45.66 billion, a PE ratio of 16.34, a P/E/G ratio of 2.55 and a beta of 0.32. Exelon Corporation has a 1-year low of $42.11 and a 1-year high of $50.65.
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 given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s payout ratio is currently 61.54%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on EXC shares. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. KeyCorp lowered their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Morgan Stanley lowered their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, UBS Group lifted their target price on shares of Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Hold” and an average price target of $50.33.
Check Out 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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