Rockefeller Capital Management L.P. Buys 9,387 Shares of Exelon Corporation $EXC

Rockefeller Capital Management L.P. increased its stake in shares of Exelon Corporation (NASDAQ:EXC) by 5.5% in the second quarter, HoldingsChannel reports. The firm owned 181,499 shares of the company’s stock after buying an additional 9,387 shares during the period. Rockefeller Capital Management L.P.’s holdings in Exelon were worth $7,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC raised its holdings in Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon in the 1st quarter worth approximately $34,000. Investment Research & Advisory Group Inc. bought a new position in shares of Exelon during the 2nd quarter worth approximately $39,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Exelon during the first quarter valued at approximately $42,000. Finally, Sound Income Strategies LLC boosted its stake in Exelon by 213.7% in the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after acquiring an additional 810 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.3%

Shares of NASDAQ EXC opened at $45.41 on Friday. The firm has a market cap of $45.88 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The company’s 50-day simple moving average is $45.85 and its 200-day simple moving average is $44.49. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s payout ratio is currently 57.35%.

Analyst Upgrades and Downgrades

EXC has been the subject of several analyst reports. UBS Group increased their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Evercore ISI started coverage on Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. KeyCorp upped their price objective on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. Morgan Stanley reaffirmed an “underperform” rating and issued a $52.00 price target on shares of Exelon in a report on Thursday. Finally, BTIG Research assumed coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.45.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.