Pacer Advisors Inc. Grows Stock Position in Exelon Corporation $EXC

Pacer Advisors Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 9.6% during the fourth quarter, HoldingsChannel reports. The fund owned 194,806 shares of the company’s stock after buying an additional 17,101 shares during the period. Pacer Advisors Inc.’s holdings in Exelon were worth $8,492,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Exelon by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after acquiring an additional 595,555 shares during the last quarter. State Street Corp lifted its stake in shares of Exelon by 4.0% in the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after purchasing an additional 2,550,786 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Exelon by 3.0% in the 4th quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock valued at $1,008,239,000 after purchasing an additional 683,950 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after purchasing an additional 595,655 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after purchasing an additional 393,917 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of Exelon stock opened at $45.81 on Monday. Exelon Corporation has a 52-week low of $42.23 and a 52-week high of $50.65. The company has a 50 day moving average of $45.88 and a 200 day moving average of $45.96. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $46.87 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.65 and a beta of 0.31.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts forecast that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is presently 61.54%.

Analysts Set New Price Targets

Several analysts recently issued reports on EXC shares. Morgan Stanley reduced their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a research note on Tuesday, April 21st. Truist Financial lowered their target price on shares of Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Citigroup initiated coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $50.27.

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.