Legal & General Group Plc Purchases New Holdings in Exelon Corporation $EXC

Legal & General Group Plc acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,929,240 shares of the company’s stock, valued at approximately $602,760,000. Legal & General Group Plc owned about 1.25% of Exelon as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Caxton Associates LLP purchased a new position in shares of Exelon in the 1st quarter valued at approximately $286,000. Woodline Partners LP raised its stake in shares of Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Exelon during the second quarter worth approximately $2,448,000. Gamco Investors INC. ET AL acquired a new stake in shares of Exelon during the second quarter worth $645,000. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after purchasing an additional 14,240 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 1.3%

Exelon stock opened at $44.34 on Tuesday. The stock’s 50 day moving average price is $46.22 and its 200 day moving average price is $46.71. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The company has a market cap of $45.77 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. Exelon’s dividend payout ratio is 61.54%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXC shares. Truist Financial lowered their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. KeyCorp reduced their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. TD Cowen lowered their target price 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. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley cut their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday. Four 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.com, the company has a consensus rating of “Hold” and an average target price of $50.07.

About Exelon

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.