Banque Cantonale Vaudoise boosted its position in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 27.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 66,179 shares of the company’s stock after buying an additional 14,096 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Exelon were worth $3,244,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after acquiring an additional 595,555 shares during the period. State Street Corp grew its stake in shares of Exelon by 4.0% during the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after purchasing an additional 2,550,786 shares during the period. Lazard Asset Management LLC grew its stake in shares of Exelon by 3.0% during the fourth quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock worth $1,008,239,000 after purchasing an additional 683,950 shares during the period. Deutsche Bank AG increased its holdings in Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock valued at $913,853,000 after purchasing an additional 595,655 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Exelon by 2.2% in the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after purchasing an additional 393,917 shares during the last quarter. 80.92% of the stock is owned by institutional investors.
Exelon Stock Down 0.3%
Shares of EXC stock opened at $46.75 on Friday. Exelon Corporation has a 12-month low of $42.23 and a 12-month high of $50.65. 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 fifty day moving average of $45.71 and a 200-day moving average of $46.03. The company has a market capitalization of $47.84 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 2.72 and a beta of 0.31.
Exelon Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. Exelon’s dividend payout ratio is 61.54%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on EXC shares. Wells Fargo & Company set a $50.00 target price on Exelon in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Morgan Stanley cut 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, Truist Financial decreased their price target on shares of Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.27.
View Our Latest Analysis 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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