Exelon Corporation $EXC Shares Purchased by Prudential PLC

Prudential PLC grew its position in shares of Exelon Corporation (NASDAQ:EXC) by 15.4% during the 2nd quarter, Holdings Channel reports. The firm owned 438,136 shares of the company’s stock after purchasing an additional 58,586 shares during the period. Prudential PLC’s holdings in Exelon were worth $19,024,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in Exelon during the first quarter worth about $285,428,000. ATLAS Infrastructure Partners UK Ltd. grew its stake in shares of Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after purchasing an additional 3,815,722 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Exelon by 506.9% in the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after purchasing an additional 2,603,959 shares in the last quarter. Electron Capital Partners LLC acquired a new stake in Exelon during the first quarter valued at approximately $117,274,000. Finally, GQG Partners LLC bought a new stake in Exelon during the first quarter worth approximately $112,832,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $45.56 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm has a market capitalization of $46.03 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The company has a 50 day simple moving average of $45.82 and a 200-day simple moving average of $44.48. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last issued its 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. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. 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 dividend payout ratio is currently 57.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXC shares. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. UBS Group increased their price target on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Barclays raised their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, TD Cowen initiated coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.55.

Exelon Profile

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.