QRG Capital Management Inc. Increases Stock Position in Exelon Corporation $EXC

QRG Capital Management Inc. raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,639 shares of the company's stock after purchasing an additional 22,270 shares during the quarter. QRG Capital Management Inc.'s holdings in Exelon were worth $12,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC grew its stake in shares of Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company's stock worth $1,010,299,000 after purchasing an additional 5,554,494 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of Exelon by 134,604.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company's stock worth $160,137,000 after buying an additional 3,554,891 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Exelon by 170.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company's stock valued at $202,742,000 after buying an additional 2,841,118 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Exelon in the 4th quarter valued at approximately $119,749,000. Finally, Man Group plc lifted its holdings in Exelon by 99.4% in the 2nd quarter. Man Group plc now owns 3,034,725 shares of the company's stock valued at $131,768,000 after purchasing an additional 1,512,552 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXC. UBS Group increased their price target on Exelon from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Truist Financial assumed coverage on Exelon in a research report on Monday, April 20th. They issued a "hold" rating and a $50.00 target price on the stock. KeyCorp cut their target price on Exelon from $44.00 to $43.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen raised Exelon from a "sell" rating to a "hold" rating in a research report on Sunday, February 22nd. Finally, Wolfe Research lowered Exelon from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.47.

Exelon Trading Down 0.9%

NASDAQ:EXC opened at $46.18 on Wednesday. The business's 50-day moving average is $48.27 and its two-hundred day moving average is $46.29. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.84. Exelon Corporation has a 12 month low of $41.71 and a 12 month high of $50.65. The firm has a market capitalization of $47.25 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.70 and a beta of 0.32.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts predict 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 Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 61.54%.

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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.