Winthrop Partners WNY LLC bought a new position in shares of Exelon Co. (NYSE:EXC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the energy giant’s stock, valued at approximately $90,000.
Several other institutional investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. lifted its position in shares of Exelon by 39.1% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 3,558 shares of the energy giant’s stock worth $160,000 after purchasing an additional 1,000 shares in the last quarter. Weather Gauge Advisory LLC acquired a new stake in shares of Exelon during the fourth quarter worth about $2,083,000. First American Bank increased its stake in shares of Exelon by 1.6% during the fourth quarter. First American Bank now owns 105,685 shares of the energy giant’s stock worth $4,766,000 after buying an additional 1,701 shares during the period. OLD Second National Bank of Aurora increased its stake in shares of Exelon by 6.6% during the fourth quarter. OLD Second National Bank of Aurora now owns 4,513 shares of the energy giant’s stock worth $204,000 after buying an additional 280 shares during the period. Finally, Capital Investment Advisors LLC purchased a new stake in shares of Exelon during the fourth quarter worth approximately $235,000. 80.71% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE EXC opened at $47.90 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 1.02. Exelon Co. has a 1-year low of $36.22 and a 1-year high of $48.17. The firm has a market cap of $46.38 billion, a P/E ratio of 15.35, a P/E/G ratio of 3.31 and a beta of 0.39.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 20th will be issued a dividend of $0.3625 per share. The ex-dividend date is Tuesday, February 19th. This is an increase from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 annualized dividend and a dividend yield of 3.03%. Exelon’s dividend payout ratio (DPR) is currently 44.23%.
EXC has been the topic of a number of recent research reports. Royal Bank of Canada restated a “buy” rating and set a $46.00 target price on shares of Exelon in a research note on Wednesday, November 7th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Monday, October 29th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Scotiabank restated a “buy” rating and set a $50.00 target price on shares of Exelon in a research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Exelon presently has an average rating of “Buy” and an average target price of $46.94.
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Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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