Exelon Corporation $EXC Shares Acquired by Magellan Asset Management Ltd

Magellan Asset Management Ltd increased its position in Exelon Corporation (NASDAQ:EXC) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,137 shares of the company’s stock after acquiring an additional 31,952 shares during the period. Magellan Asset Management Ltd owned approximately 0.08% of Exelon worth $32,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC lifted its position in shares of Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after purchasing an additional 217 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares during the period. CWM LLC increased its stake in Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after buying an additional 226 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in Exelon by 4.8% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after buying an additional 229 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its holdings in Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays boosted their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen began coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Finally, KeyCorp raised their target price on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Price Performance

NASDAQ EXC opened at $46.21 on Friday. 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 stock has a market capitalization of $46.67 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The company has a 50 day moving average price of $45.41 and a two-hundred day moving average price of $44.54.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is currently 57.35%.

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.