Exelon Corporation $EXC Holdings Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Exelon Corporation by 12.7%, owning 931,378 shares valued at approximately $42.89 million.
• Exelon reported a quarterly EPS of $0.39, exceeding analysts' expectations, but its revenue of $5.43 billion fell short of the forecast.
• The company announced a quarterly dividend of $0.40, representing a yield of 3.7% and an annualized payout of $1.60.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,378 shares of the company's stock after buying an additional 104,828 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of Exelon worth $42,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after buying an additional 581,686 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Exelon by 2.7% during the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after buying an additional 653,627 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after buying an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Exelon by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock valued at $729,777,000 after buying an additional 106,917 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Exelon by 0.6% during the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock valued at $636,008,000 after buying an additional 83,518 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, KeyCorp cut their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Exelon has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Trading Up 0.2%

Shares of NASDAQ:EXC opened at $43.43 on Friday. The stock has a market capitalization of $43.86 billion, a PE ratio of 16.51, a P/E/G ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The firm has a fifty day moving average price of $44.00 and a 200 day moving average price of $44.22. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon's dividend payout ratio is currently 60.84%.

Exelon Company 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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