Mutual of America Capital Management LLC Has $5.03 Million Stock Holdings in Exelon Corporation $EXC

Mutual of America Capital Management LLC decreased its position in Exelon Corporation (NASDAQ:EXC) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,755 shares of the company’s stock after selling 1,122 shares during the period. Mutual of America Capital Management LLC’s holdings in Exelon were worth $5,026,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. raised its stake in shares of Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock valued at $8,911,000 after purchasing an additional 150,876 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after acquiring an additional 10,176 shares in the last quarter. Cerity Partners LLC raised its position in Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock worth $22,393,000 after purchasing an additional 63,009 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Exelon during the first quarter worth about $47,789,000. Finally, Intech Investment Management LLC boosted its holdings in Exelon by 24.6% during the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after purchasing an additional 8,809 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 0.2%

Shares of NASDAQ EXC opened at $48.11 on Thursday. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The firm’s 50-day simple moving average is $44.83 and its 200 day simple moving average is $44.45. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a market cap of $48.59 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is 60.84%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXC. Morgan Stanley raised their target price on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday. KeyCorp increased their price objective on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 15th. Barclays boosted their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Evercore ISI initiated coverage on shares of Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Finally, Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.36.

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.