SageView Advisory Group LLC grew its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 257.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,941 shares of the company’s stock after purchasing an additional 28,759 shares during the period. SageView Advisory Group LLC’s holdings in Exelon were worth $1,798,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Exelon by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,522,986 shares of the company’s stock worth $5,874,840,000 after acquiring an additional 530,935 shares during the last quarter. State Street Corp grew its holdings in shares of Exelon by 4.0% during the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after buying an additional 2,491,064 shares in the last quarter. Geode Capital Management LLC grew its position in Exelon by 3.4% in the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after purchasing an additional 931,897 shares in the last quarter. Invesco Ltd. lifted its position in shares of Exelon by 7.4% in the second quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock valued at $643,751,000 after buying an additional 1,023,874 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Exelon during the second quarter worth $589,122,000. Institutional investors own 80.92% of the company’s stock.
Exelon Trading Down 0.3%
Shares of EXC opened at $48.84 on Thursday. The firm’s fifty day moving average is $45.88 and its two-hundred day moving average is $45.35. The stock has a market cap of $49.96 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.85 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52-week low of $41.71 and a 52-week high of $49.88.
Exelon Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a dividend of $0.42 per share. This is a boost from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, March 2nd. Exelon’s dividend payout ratio (DPR) is 61.54%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on EXC shares. Royal Bank Of Canada assumed coverage on Exelon in a research note on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 price objective on the stock. Mizuho increased their target price on Exelon from $47.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen upgraded Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Scotiabank boosted their target price on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $51.00 price target on shares of Exelon in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.50.
View Our Latest 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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