Legal & General Group Plc Grows Stock Position in Exelon Corporation $EXC

Legal & General Group Plc increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,145,826 shares of the company’s stock after purchasing an additional 202,665 shares during the quarter. Legal & General Group Plc’s holdings in Exelon were worth $573,027,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EXC. Optima Capital LLC purchased a new position in Exelon during the fourth quarter worth about $25,000. LRI Investments LLC lifted its position in Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after buying an additional 392 shares during the period. Beacon Financial Strategies CORP purchased a new position in Exelon during the fourth quarter worth about $26,000. Leonteq Securities AG purchased a new position in Exelon during the fourth quarter worth about $26,000. Finally, Root Financial Partners LLC purchased a new position in Exelon during the third quarter worth about $30,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Exelon stock opened at $46.23 on Tuesday. The stock’s 50-day moving average is $47.07 and its 200-day moving average is $46.02. The company has a market cap of $47.30 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a 12 month low of $42.11 and a 12 month high of $50.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the business posted $0.92 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXC. Citigroup assumed coverage on Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Weiss Ratings upgraded Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Morgan Stanley cut their price objective on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen upgraded Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Royal Bank Of Canada cut their price objective on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $50.33.

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.