M&G PLC Has $75.25 Million Holdings in Exelon Corporation $EXC

M&G PLC lessened its stake in Exelon Corporation (NASDAQ:EXC) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,749,955 shares of the company’s stock after selling 569,690 shares during the quarter. M&G PLC owned approximately 0.17% of Exelon worth $75,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Providence Wealth Advisors LLC boosted its holdings in Exelon by 0.6% during the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. CWM LLC lifted its position in shares of Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company’s stock valued at $1,556,000 after purchasing an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in Exelon by 4.8% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after purchasing an additional 229 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after purchasing an additional 230 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on EXC. TD Cowen began coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Barclays increased their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. KeyCorp lifted their target price on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 15th. Finally, BTIG Research initiated coverage on shares of Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Price Performance

EXC opened at $45.44 on Wednesday. The firm has a 50-day moving average price of $45.49 and a 200-day moving average price of $44.49. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.93 and a beta of 0.44.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

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.