Candriam Luxembourg S.C.A. lifted its holdings in Exelon Co. (NYSE:EXC) by 20.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,757 shares of the energy giant’s stock after purchasing an additional 12,133 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Exelon were worth $2,867,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of EXC. Bank of Nova Scotia Trust Co. bought a new position in shares of Exelon in the 3rd quarter worth approximately $102,000. NuWave Investment Management LLC bought a new position in shares of Exelon in the 4th quarter worth approximately $105,000. Baker Ellis Asset Management LLC bought a new position in shares of Exelon in the 4th quarter worth approximately $118,000. Cerebellum GP LLC bought a new position in shares of Exelon in the 4th quarter worth approximately $122,000. Finally, Advisory Services Network LLC lifted its stake in shares of Exelon by 24.3% in the 2nd quarter. Advisory Services Network LLC now owns 4,647 shares of the energy giant’s stock worth $168,000 after purchasing an additional 908 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.
Shares of Exelon Co. (NYSE:EXC) opened at $37.78 on Monday. The stock has a market cap of $36,300.00, a P/E ratio of 9.59, a P/E/G ratio of 2.47 and a beta of 0.23. Exelon Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.345 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Wednesday, February 14th. Exelon’s dividend payout ratio (DPR) is 35.03%.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Mizuho upgraded shares of Exelon from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $36.00 to $40.00 in a research note on Tuesday, January 23rd. Bank of America assumed coverage on shares of Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective on the stock. KeyCorp lowered their price objective on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, February 9th. Finally, SunTrust Banks set a $42.00 price objective on shares of Exelon and gave the stock a “buy” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Exelon has an average rating of “Buy” and a consensus target price of $41.03.
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Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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