Assenagon Asset Management S.A. Has $23.57 Million Stake in Exelon Corporation $EXC

Key Points

• Assenagon Asset Management increased its Exelon stake by 133.9% in the second quarter, bringing its holdings to 505,564 shares valued at approximately $23.57 million. Institutional investors collectively own 80.92% of Exelon.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $50.33. Several firms recently lowered their price targets or downgraded the stock.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but EPS of $0.43 narrowly missed estimates. The company declared a quarterly dividend of $0.42 per share, representing a 3.7% annualized yield.

Assenagon Asset Management S.A. grew its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 133.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 505,564 shares of the company's stock after acquiring an additional 289,436 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Exelon were worth $23,569,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EXC. ASR Vermogensbeheer N.V. raised its holdings in Exelon by 28.4% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company's stock worth $11,867,000 after buying an additional 60,250 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its position in Exelon by 26.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company's stock valued at $9,393,000 after acquiring an additional 45,723 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Exelon by 19.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company's stock valued at $25,404,000 after acquiring an additional 93,682 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Exelon by 18.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 581,300 shares of the company's stock worth $25,339,000 after purchasing an additional 89,822 shares during the period. Finally, Ethic Inc. boosted its stake in Exelon by 7.6% in the 4th quarter. Ethic Inc. now owns 334,268 shares of the company's stock worth $14,571,000 after purchasing an additional 23,567 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXC. Royal Bank Of Canada decreased their price objective on Exelon from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, April 20th. Barclays cut Exelon from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $50.00 to $49.00 in a research note on Friday, April 17th. TD Cowen lowered their price objective on shares of Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, May 15th. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Four 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 data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $50.33.

Exelon Price Performance

NASDAQ:EXC opened at $45.61 on Monday. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The firm has a market capitalization of $47.08 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.76 and a beta of 0.31. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The stock's 50 day moving average price is $46.29 and its two-hundred day moving average price is $46.67.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon's payout ratio is currently 61.54%.

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.

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