NorthCrest Asset Manangement LLC Raises Position in Exelon Corporation $EXC

NorthCrest Asset Manangement LLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC) by 6,161.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,139 shares of the company’s stock after acquiring an additional 383,908 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Exelon were worth $18,255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXC. Vanguard Group Inc. increased its position in Exelon by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after purchasing an additional 2,075,014 shares during the period. State Street Corp boosted its stake in shares of Exelon by 4.0% in the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after buying an additional 2,491,064 shares in the last quarter. Geode Capital Management LLC grew its holdings in Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after acquiring an additional 931,897 shares during the period. Invesco Ltd. grew its holdings in Exelon by 7.4% during the second quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after acquiring an additional 1,023,874 shares during the period. Finally, Norges Bank purchased a new position in Exelon in the second quarter worth $589,122,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EXC shares. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research note on Wednesday, October 15th. UBS Group lowered their target price on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Morgan Stanley reaffirmed an “underperform” rating and issued a $52.00 target price on shares of Exelon in a report on Thursday, November 20th. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Barclays raised their price objective on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.85.

Exelon Stock Up 1.3%

EXC stock opened at $44.73 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The company’s 50 day simple moving average is $44.46 and its 200-day simple moving average is $44.70. Exelon Corporation has a 12 month low of $38.85 and a 12 month high of $48.51. The firm has a market capitalization of $45.19 billion, a PE ratio of 16.03, a P/E/G ratio of 2.63 and a beta of 0.46.

Exelon (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, November 10th. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

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.