Pinebridge Investments LLC Buys Shares of 474,937 Exelon Corporation $EXC

Pinebridge Investments LLC bought a new stake in Exelon Corporation (NASDAQ:EXC) during the 4th quarter, Holdings Channel.com reports. The fund bought 474,937 shares of the company’s stock, valued at approximately $20,703,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Exelon by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock valued at $5,715,457,000 after purchasing an additional 595,555 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Exelon by 32.9% during the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after acquiring an additional 5,554,494 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Exelon by 2.2% during the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after acquiring an additional 393,917 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Exelon by 5.6% during the third quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock valued at $704,825,000 after acquiring an additional 833,171 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Exelon during the fourth quarter valued at about $617,974,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXC. TD Cowen cut their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. UBS Group upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. KeyCorp cut their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley cut their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus price target of $50.27.

Exelon Price Performance

Shares of NASDAQ EXC opened at $45.75 on Friday. The business’s 50 day moving average price is $46.52 and its 200 day moving average price is $46.00. The firm has a market cap of $46.81 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.65 and a beta of 0.31. Exelon Corporation has a 52 week low of $42.11 and a 52 week high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.Exelon’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, sell-side analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio is currently 61.54%.

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.