Exelon Corporation $EXC Shares Acquired by Magellan Asset Management Ltd

Magellan Asset Management Ltd lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 862,916 shares of the company’s stock after purchasing an additional 27,819 shares during the quarter. Magellan Asset Management Ltd’s holdings in Exelon were worth $37,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Plimoth Trust Co. LLC lifted its stake in shares of Exelon by 1.8% during the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock worth $569,000 after buying an additional 230 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Exelon by 2.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock worth $376,000 after buying an additional 233 shares during the period. Waterloo Capital L.P. lifted its stake in shares of Exelon by 2.7% during the third quarter. Waterloo Capital L.P. now owns 9,075 shares of the company’s stock worth $408,000 after buying an additional 236 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Exelon by 2.2% during the third quarter. Axxcess Wealth Management LLC now owns 11,058 shares of the company’s stock worth $498,000 after buying an additional 240 shares during the period. Finally, Seeds Investor LLC lifted its stake in shares of Exelon by 2.6% during the fourth quarter. Seeds Investor LLC now owns 9,536 shares of the company’s stock worth $416,000 after buying an additional 241 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $49.00 price objective (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Morgan Stanley lowered their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Citigroup assumed coverage on shares of Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 price objective for the company. UBS Group lifted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, February 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 research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.27.

Exelon Stock Down 1.0%

EXC opened at $44.63 on Friday. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The company has a fifty day moving average of $46.56 and a two-hundred day moving average of $46.00. The stock has a market capitalization of $45.67 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.61 and a beta of 0.31.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The company had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

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 dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. Exelon’s payout ratio is currently 61.54%.

Exelon Company 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.