Exelon Corporation $EXC Stock Position Raised by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 761,424 shares of the company’s stock after acquiring an additional 107,475 shares during the period. Prudential Financial Inc. owned about 0.08% of Exelon worth $33,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hager Investment Management Services LLC raised its position in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Exelon during the 2nd quarter valued at approximately $39,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon during the 1st quarter worth $42,000. Sound Income Strategies LLC increased its position in Exelon by 213.7% in the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after buying an additional 810 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in Exelon in the first quarter worth $55,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of EXC opened at $46.23 on Tuesday. The firm has a market capitalization of $46.71 billion, a PE ratio of 17.58, a P/E/G ratio of 2.93 and a beta of 0.44. 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 firm has a 50-day moving average price of $45.96 and a 200 day moving average price of $44.47. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

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

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a report on Wednesday, October 15th. BTIG Research assumed coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Morgan Stanley restated an “underperform” rating and issued a $52.00 target price on shares of Exelon in a research report on Thursday. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and an average price target of $50.45.

Exelon Company 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.