Man Group plc Acquires Shares of 903,147 Exelon Corporation $EXC

Man Group plc bought a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 903,147 shares of the company's stock, valued at approximately $42,105,000. Man Group plc owned approximately 0.09% of Exelon as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Caxton Associates LLP purchased a new stake in shares of Exelon in the first quarter valued at about $286,000. Woodline Partners LP boosted its holdings in Exelon by 40.7% in the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company's stock valued at $3,913,000 after purchasing an additional 24,580 shares during the last quarter. Jump Financial LLC acquired a new position in Exelon in the 2nd quarter valued at about $2,448,000. Gamco Investors INC. ET AL purchased a new stake in shares of Exelon in the 2nd quarter valued at approximately $645,000. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Exelon by 3.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock worth $20,502,000 after buying an additional 14,240 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Up 0.3%

Shares of NASDAQ:EXC opened at $44.44 on Thursday. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market cap of $45.87 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.68 and a beta of 0.31. The firm has a fifty day moving average price of $46.15 and a 200 day moving average price of $46.72.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's dividend payout ratio (DPR) is presently 61.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EXC shares. Morgan Stanley cut their target price on Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. KeyCorp lowered their price target on Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a report on Wednesday, May 13th. TD Cowen decreased their target price on shares of Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a research report on Friday, May 15th. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Finally, Truist Financial reduced their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of "Hold" and an average price target of $50.07.

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.

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