Exelon Corporation $EXC Holdings Raised by Ethic Inc.

Ethic Inc. grew its stake in Exelon Corporation (NASDAQ:EXC) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 405,640 shares of the company’s stock after acquiring an additional 18,172 shares during the period. Ethic Inc.’s holdings in Exelon were worth $16,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. StoneX Group Inc. boosted its position in Exelon by 3.4% in the 3rd quarter. StoneX Group Inc. now owns 36,360 shares of the company’s stock valued at $1,473,000 after buying an additional 1,199 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Exelon by 0.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 677,638 shares of the company’s stock valued at $27,377,000 after buying an additional 4,418 shares during the period. Alps Advisors Inc. increased its stake in shares of Exelon by 5.9% in the 3rd quarter. Alps Advisors Inc. now owns 92,181 shares of the company’s stock valued at $3,724,000 after buying an additional 5,133 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Exelon by 139.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 26,731 shares of the company’s stock valued at $1,080,000 after buying an additional 15,577 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Exelon by 25.7% during the third quarter. International Assets Investment Management LLC now owns 19,713 shares of the company’s stock worth $798,000 after acquiring an additional 4,036 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC opened at $45.62 on Friday. The company has a fifty day moving average price of $43.04 and a two-hundred day moving average price of $45.62. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Corporation has a 52 week low of $39.73 and a 52 week high of $50.65. The firm has a market capitalization of $47.21 billion, a PE ratio of 17.75, a P/E/G ratio of 2.49 and a beta of 0.24.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.76 billion. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. As a group, analysts anticipate that Exelon Corporation will post 2.87 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, December 4th. Exelon’s dividend payout ratio is currently 65.37%.

Analyst Ratings Changes

EXC has been the topic of several research reports. The Goldman Sachs Group cut their price target on Exelon from $45.00 to $44.00 in a research note on Thursday, October 15th. BMO Capital Markets lowered their price objective on Exelon from $47.00 to $45.00 and set a “market perform” rating for the company in a research report on Thursday, October 22nd. JPMorgan Chase & Co. dropped their price objective on Exelon from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, October 19th. Truist Financial dropped their price objective on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a report on Friday, October 16th. Finally, Barclays cut their target price on shares of Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $48.33.

Exelon Company Profile

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services.

The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.

Exelon separated its competitive power generation business, now known as Constellation Energy, in 2022.