Federated Hermes Inc. Increases Stake in Exelon Corporation $EXC

Federated Hermes Inc. grew its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,355 shares of the company’s stock after purchasing an additional 17,255 shares during the quarter. Federated Hermes Inc.’s holdings in Exelon were worth $20,901,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hager Investment Management Services LLC lifted its stake in Exelon by 100.0% in the 2nd 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. Elevation Point Wealth Partners LLC acquired a new stake in shares of Exelon in the second quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new stake in shares of Exelon in the third quarter valued at approximately $30,000. Steigerwald Gordon & Koch Inc. purchased a new position in Exelon during the third quarter worth approximately $32,000. Finally, Motco boosted its stake in Exelon by 1,008.7% during the third quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after buying an additional 696 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock opened at $44.78 on Friday. The company’s 50 day simple moving average is $44.24 and its 200-day simple moving average is $44.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a 1 year low of $39.67 and a 1 year high of $48.51. The company has a market capitalization of $45.24 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXC. JPMorgan Chase & Co. cut their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Wolfe Research cut shares of Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Morgan Stanley reissued an “underperform” rating and issued a $51.00 price target on shares of Exelon in a research note on Wednesday, January 21st. Finally, TD Cowen initiated coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.38.

Exelon Company Profile

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.