Jennison Associates LLC Trims Holdings in Exelon Corporation $EXC

Jennison Associates LLC reduced its position in Exelon Corporation (NASDAQ:EXC) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,440,833 shares of the company’s stock after selling 46,329 shares during the period. Jennison Associates LLC’s holdings in Exelon were worth $106,396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Exelon by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after acquiring an additional 595,555 shares during the period. Lazard Asset Management LLC grew its stake in Exelon by 32.9% in the 3rd 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 period. Wellington Management Group LLP grew its stake in Exelon by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after acquiring an additional 393,917 shares during the period. Invesco Ltd. grew its stake in Exelon by 5.6% in the 3rd quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock worth $704,825,000 after acquiring an additional 833,171 shares during the period. Finally, Northern Trust Corp grew its stake in Exelon by 5.1% in the 3rd quarter. Northern Trust Corp now owns 14,030,184 shares of the company’s stock worth $631,499,000 after acquiring an additional 681,371 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Exelon stock opened at $45.99 on Friday. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $50.65. The firm has a 50 day moving average price of $48.30 and a 200 day moving average price of $46.31. The company has a market cap of $47.06 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.73 and a beta of 0.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. During the same period last year, the business earned $0.64 EPS. Exelon’s revenue was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be issued a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 annualized dividend and a yield of 3.7%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Analysts Set New Price Targets

EXC has been the subject of several recent analyst reports. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a research note on Tuesday, April 21st. Citigroup initiated coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $50.00 in a report on Monday, April 20th. Finally, Scotiabank boosted their target price on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.44.

Exelon 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.