National Pension Service Buys 48,967 Shares of Exelon Corporation $EXC

National Pension Service raised its stake in Exelon Corporation (NASDAQ:EXC) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,719,934 shares of the company’s stock after acquiring an additional 48,967 shares during the period. National Pension Service’s holdings in Exelon were worth $80,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after acquiring an additional 289,436 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Exelon by 1.6% during the fourth quarter. Legal & General Group Plc now owns 13,145,826 shares of the company’s stock valued at $573,027,000 after purchasing an additional 202,665 shares during the last quarter. First Horizon Corp lifted its position in Exelon by 1,004.0% during the first quarter. First Horizon Corp now owns 25,635 shares of the company’s stock valued at $1,257,000 after purchasing an additional 23,313 shares during the period. Capital Innovations LLC bought a new position in Exelon during the fourth quarter valued at approximately $3,377,000. Finally, Summit Global Investments purchased a new stake in Exelon in the second quarter worth approximately $1,972,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley cut their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. TD Cowen dropped their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Truist Financial cut their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.07.

Exelon Stock Performance

NASDAQ:EXC opened at $43.16 on Friday. The stock has a 50-day simple moving average of $45.44 and a two-hundred day simple moving average of $46.48. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $44.55 billion, a PE ratio of 15.81, a P/E/G ratio of 2.37 and a beta of 0.30.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio is 61.54%.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.