Quantbot Technologies LP acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 197,215 shares of the company’s stock, valued at approximately $9,194,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Exelon by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after buying an additional 595,555 shares in the last quarter. BlackRock Inc. bought a new stake in Exelon in the 2nd quarter valued at $5,583,709,000. State Street Corp raised its stake in shares of Exelon by 4.0% in the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after buying an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock valued at $1,206,887,000 after buying an additional 1,490,251 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after acquiring an additional 595,655 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Down 2.8%
Shares of NASDAQ EXC opened at $43.78 on Friday. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The business has a fifty day moving average of $46.25 and a two-hundred day moving average of $46.68. The stock has a market cap of $45.19 billion, a PE ratio of 16.04, 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 Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio is currently 61.54%.
Analyst Ratings Changes
EXC has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. KeyCorp dropped their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Truist Financial cut their price target on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, TD Cowen lowered their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.07.
Get Our Latest Research Report 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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