Exelon Co. (NASDAQ:EXC – Get Rating) announced a quarterly dividend on Tuesday, July 26th, Zacks reports. Stockholders of record on Monday, August 15th will be given a dividend of 0.338 per share on Friday, September 9th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, August 12th. This is a positive change from Exelon's previous quarterly dividend of $0.34.
Exelon Stock Up 0.9 %
Shares of EXC opened at $45.40 on Wednesday. The stock's 50-day moving average price is $44.66 and its two-hundred day moving average price is $45.91. Exelon has a 12 month low of $33.73 and a 12 month high of $50.71. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $44.50 billion, a PE ratio of 16.75, a PEG ratio of 2.77 and a beta of 0.57.
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Exelon (NASDAQ:EXC – Get Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. During the same period in the previous year, the company posted $0.89 earnings per share. On average, analysts anticipate that Exelon will post 2.27 EPS for the current year.
Insider Activity at Exelon
In related news, CEO John Tyler Anthony sold 4,451 shares of Exelon stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $47.49, for a total value of $211,377.99. Following the completion of the sale, the chief executive officer now owns 974 shares in the company, valued at $46,255.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Exelon
Several institutional investors have recently bought and sold shares of EXC. Worth Asset Management LLC purchased a new position in Exelon during the 1st quarter valued at about $65,000. Lido Advisors LLC boosted its position in Exelon by 14.9% during the first quarter. Lido Advisors LLC now owns 4,216 shares of the company's stock worth $200,000 after purchasing an additional 548 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Exelon during the first quarter worth approximately $201,000. Vontobel Holding Ltd. lifted its holdings in shares of Exelon by 8.8% during the first quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company's stock worth $219,000 after buying an additional 376 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Exelon in the first quarter valued at $270,000. Institutional investors and hedge funds own 80.35% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on EXC shares. UBS Group cut their price objective on shares of Exelon from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Wells Fargo & Company lowered their target price on shares of Exelon from $52.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, August 4th. JPMorgan Chase & Co. raised shares of Exelon from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $47.00 to $55.00 in a report on Wednesday, April 20th. KeyCorp cut their price objective on shares of Exelon from $53.00 to $45.00 and set an "overweight" rating for the company in a report on Tuesday, July 19th. Finally, Argus boosted their price target on shares of Exelon from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.15.
About Exelon
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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company 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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