1,321,071 Shares in Exelon Corporation $EXC Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,321,071 shares of the company’s stock, valued at approximately $57,585,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Intech Investment Management LLC boosted its stake in shares of Exelon by 26.9% during the 4th quarter. Intech Investment Management LLC now owns 124,883 shares of the company’s stock valued at $5,444,000 after buying an additional 26,457 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in shares of Exelon in the fourth quarter worth $256,000. Huntington National Bank raised its holdings in Exelon by 1.0% in the fourth quarter. Huntington National Bank now owns 64,657 shares of the company’s stock valued at $2,818,000 after acquiring an additional 651 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Exelon by 3.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 23,976 shares of the company’s stock valued at $1,045,000 after acquiring an additional 842 shares during the last quarter. Finally, Key Financial Inc boosted its stake in Exelon by 18.8% during the 4th quarter. Key Financial Inc now owns 7,676 shares of the company’s stock valued at $335,000 after acquiring an additional 1,214 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of several research analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Wall Street Zen upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. UBS Group boosted their price objective on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Citigroup initiated coverage on Exelon in a report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Finally, Truist Financial began coverage on Exelon in a research report on Monday, April 20th. They issued a “hold” rating and a $50.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.33.

Exelon Stock Down 1.3%

NASDAQ:EXC opened at $45.58 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock has a 50 day moving average of $46.83 and a 200-day moving average of $46.02. The firm has a market capitalization of $46.64 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 2.68 and a beta of 0.32. Exelon Corporation has a 52 week low of $42.11 and a 52 week high of $50.65.

Exelon (NASDAQ:EXC) last issued 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 firm had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.

About Exelon

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.