Exelon Corporation $EXC Shares Bought by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Exelon Corporation by 13,334.4%, acquiring an additional 2,023,365 shares to reach a total of 2,038,539 shares valued at approximately $93.9 million.
• During the 1st quarter, several other institutional investors also boosted their stakes in Exelon, with 80.92% of the stock held by hedge funds and institutions.
• Exelon has declared a quarterly dividend of $0.40, yielding about 3.6%, with the payout date set for September 15th.

T. Rowe Price Investment Management Inc. lifted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 13,334.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,038,539 shares of the company's stock after acquiring an additional 2,023,365 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.20% of Exelon worth $93,936,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Erste Asset Management GmbH raised its holdings in Exelon by 27.6% in the 1st quarter. Erste Asset Management GmbH now owns 199,371 shares of the company's stock valued at $8,992,000 after acquiring an additional 43,078 shares in the last quarter. Credit Agricole S A grew its holdings in shares of Exelon by 6.6% in the 1st quarter. Credit Agricole S A now owns 425,514 shares of the company's stock valued at $19,608,000 after acquiring an additional 26,415 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Exelon by 2.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 24,210 shares of the company's stock worth $1,115,000 after purchasing an additional 644 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Exelon by 174.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 109,354 shares of the company's stock worth $5,039,000 after acquiring an additional 69,530 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Exelon in the first quarter valued at approximately $36,864,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXC. KeyCorp decreased 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. UBS Group reissued a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley restated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Price Performance

Shares of NASDAQ:EXC traded down $0.06 during midday trading on Wednesday, reaching $44.36. 1,063,099 shares of the company were exchanged, compared to its average volume of 7,275,479. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The business's fifty day moving average is $43.85 and its two-hundred day moving average is $44.16. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The stock has a market cap of $44.80 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is 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.