Exelon Corporation $EXC Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,027,953 shares of the company’s stock after purchasing an additional 136,831 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Exelon worth $88,054,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hager Investment Management Services LLC grew its holdings in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon during the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon in the 2nd quarter worth $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $46.21 on Monday. The company’s 50-day moving average is $45.41 and its two-hundred day moving average is $44.50. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The company has a market cap of $46.69 billion, a PE ratio of 17.57, a PEG ratio of 2.93 and a beta of 0.44.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio is presently 57.35%.

Analysts Set New Price Targets

Several equities analysts have weighed in on EXC shares. UBS Group lifted their price objective on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. BTIG Research started coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. KeyCorp lifted their price objective on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley increased their price target on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.55.

About Exelon

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.