Harvest Fund Management Co. Ltd Raises Holdings in Exelon Corporation $EXC

Harvest Fund Management Co. Ltd raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,592 shares of the company’s stock after purchasing an additional 13,445 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Exelon were worth $3,295,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vise Technologies Inc. boosted its stake in Exelon by 78.6% during the 4th quarter. Vise Technologies Inc. now owns 47,255 shares of the company’s stock valued at $2,060,000 after purchasing an additional 20,793 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in Exelon by 3.3% during the 4th quarter. Magellan Asset Management Ltd now owns 862,916 shares of the company’s stock valued at $37,615,000 after purchasing an additional 27,819 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Exelon by 4.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 404,791 shares of the company’s stock valued at $17,645,000 after purchasing an additional 16,931 shares during the last quarter. TD Asset Management Inc boosted its stake in Exelon by 1.3% during the 4th quarter. TD Asset Management Inc now owns 1,335,912 shares of the company’s stock valued at $58,232,000 after purchasing an additional 16,859 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in Exelon by 38.2% during the 4th quarter. Cibc World Market Inc. now owns 157,590 shares of the company’s stock valued at $6,869,000 after purchasing an additional 43,531 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on EXC shares. KeyCorp cut their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. BMO Capital Markets reiterated a “market perform” rating and set a $49.00 target price (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Mizuho set a $48.00 price target on Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Jefferies Financial Group downgraded Exelon from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $50.00 in a research note on Monday, April 20th. Finally, Morgan Stanley dropped their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.27.

Exelon Stock Performance

EXC stock opened at $44.63 on Friday. The company has a market cap of $45.67 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 2.61 and a beta of 0.31. Exelon Corporation has a 1 year low of $42.11 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The stock’s fifty day moving average price is $46.56 and its 200-day moving average price is $46.00.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

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.