Swiss National Bank grew its stake in Exelon Corporation (NASDAQ:EXC – Free Report) by 7.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,964,855 shares of the company’s stock after buying an additional 197,200 shares during the period. Swiss National Bank’s holdings in Exelon were worth $145,337,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Optima Capital LLC acquired a new position in shares of Exelon during the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in Exelon in the 4th quarter worth approximately $25,000. Beacon Financial Strategies CORP acquired a new stake in Exelon in the 4th quarter worth approximately $26,000. Leonteq Securities AG bought a new stake in Exelon during the fourth quarter worth approximately $26,000. Finally, Bell Investment Advisors Inc boosted its position in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the period. Institutional investors own 80.92% of the company’s stock.
Exelon Stock Performance
EXC opened at $46.26 on Monday. The firm has a market capitalization of $47.33 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31. The stock’s 50 day moving average price is $45.92 and its two-hundred day moving average price is $46.39. 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 12-month low of $42.58 and a 12-month high of $50.65.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 payout ratio is 61.54%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on EXC shares. Citigroup initiated coverage on shares of Exelon in a research report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target on the stock. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $50.00 in a report on Monday, April 20th. Royal Bank Of Canada lowered their target price on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Mizuho set a $48.00 target price on shares of Exelon and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, KeyCorp cut their target price 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. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.33.
Read Our Latest Research 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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