Asset Management One Co. Ltd. Acquires 10,033 Shares of Exelon Corporation $EXC

Asset Management One Co. Ltd. increased its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,096 shares of the company's stock after acquiring an additional 10,033 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Exelon were worth $18,284,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Exelon by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after acquiring an additional 581,686 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Exelon by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock worth $729,777,000 after acquiring an additional 106,917 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Exelon by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after acquiring an additional 83,518 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Exelon by 11.8% during the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company's stock worth $577,470,000 after acquiring an additional 1,319,637 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXC shares. UBS Group boosted their target price on Exelon from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. KeyCorp increased their target price on Exelon from $37.00 to $42.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 15th. TD Cowen initiated coverage on Exelon in a research note on Thursday, October 16th. They set a "hold" rating and a $49.00 target price on the stock. Barclays increased their target price on Exelon from $48.00 to $52.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Finally, BTIG Research initiated coverage on Exelon in a research note on Tuesday. They set a "neutral" rating on the stock. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.36.

Exelon Trading Up 0.9%

Shares of NASDAQ:EXC opened at $48.03 on Friday. The company has a market capitalization of $48.51 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.98 and a beta of 0.40. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The business's 50 day simple moving average is $44.96 and its 200 day simple moving average is $44.50.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. Exelon's dividend payout ratio is currently 60.84%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.

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