Exelon Corporation $EXC Shares Purchased by M&G PLC

M&G PLC raised its holdings in Exelon Corporation (NASDAQ:EXC) by 3.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,880,664 shares of the company’s stock after acquiring an additional 62,196 shares during the period. M&G PLC’s holdings in Exelon were worth $75,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in Exelon by 3.6% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,567 shares of the company’s stock valued at $265,000 after purchasing an additional 226 shares during the period. Tidal Investments LLC raised its stake in Exelon by 0.3% during the second quarter. Tidal Investments LLC now owns 70,360 shares of the company’s stock worth $3,280,000 after purchasing an additional 243 shares during the period. CX Institutional raised its stake in Exelon by 3.3% during the second quarter. CX Institutional now owns 7,684 shares of the company’s stock worth $358,000 after purchasing an additional 247 shares during the period. Quest 10 Wealth Builders Inc. boosted its holdings in shares of Exelon by 23.8% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 1,341 shares of the company’s stock valued at $54,000 after purchasing an additional 258 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Exelon by 3.5% in the 2nd quarter. Versant Capital Management Inc now owns 8,385 shares of the company’s stock valued at $391,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $45.65 on Tuesday. The company’s fifty day moving average price is $43.08 and its two-hundred day moving average price is $45.63. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market capitalization of $47.24 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.52 and a beta of 0.24. Exelon Corporation has a 12 month low of $39.73 and a 12 month high of $50.65.

Exelon (NASDAQ:EXC) last announced its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts anticipate that Exelon Corporation will post 2.87 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, December 4th. Exelon’s dividend payout ratio is 65.37%.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXC shares. The Goldman Sachs Group lowered their price objective on shares of Exelon from $45.00 to $44.00 in a research note on Thursday, October 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Exelon in a research report on Wednesday, October 28th. HSBC assumed coverage on Exelon in a research report on Thursday, October 22nd. They issued a “hold” rating and a $44.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lowered their price target on Exelon from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.33.

About Exelon

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.