Exelon Corporation $EXC Stock Holdings Lifted by Aberdeen Group plc

Key Points

• Aberdeen Group plc has increased its holdings in Exelon Corporation by 35.1%, now owning 1,159,095 shares valued at approximately $50.3 million.
• Several other institutional investors have also raised their stakes significantly in Exelon, resulting in institutional ownership comprising 80.92% of the company's stock.
• Exelon Corporation reported an EPS of $0.39 for the latest quarter, exceeding analysts' expectations, while also announcing a quarterly dividend yielding 3.4%.

Aberdeen Group plc raised its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 35.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,159,095 shares of the company's stock after purchasing an additional 301,205 shares during the quarter. Aberdeen Group plc owned 0.11% of Exelon worth $50,328,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after purchasing an additional 150,876 shares during the period. Arizona State Retirement System raised its stake in Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after purchasing an additional 10,176 shares during the period. Cerity Partners LLC raised its stake in Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after purchasing an additional 63,009 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Exelon during the 1st quarter valued at $47,789,000. Finally, Intech Investment Management LLC raised its stake in Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company's stock valued at $2,054,000 after purchasing an additional 8,809 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research reports. KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They issued an "outperform" rating and a $57.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Exelon in a research note on Wednesday. UBS Group upped their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Morgan Stanley dropped their price target on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $48.33.

Exelon Trading Up 0.9%

Shares of NASDAQ:EXC opened at $47.07 on Friday. The stock has a market capitalization of $47.54 billion, a PE ratio of 17.90, a P/E/G ratio of 2.76 and a beta of 0.40. 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 $44.41 and a 200 day moving average price of $44.33. 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 was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Exelon's dividend payout ratio is currently 60.84%.

About Exelon

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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