Candriam S.C.A. Acquires 1,047,459 Shares of Exelon Corporation $EXC

Candriam S.C.A. lifted its holdings in Exelon Corporation (NASDAQ:EXC) by 670.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,203,699 shares of the company’s stock after buying an additional 1,047,459 shares during the quarter. Candriam S.C.A.’s holdings in Exelon were worth $52,267,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Hager Investment Management Services LLC grew its position in Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Exelon by 46.4% during 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 period. ANTIPODES PARTNERS Ltd bought a new position in shares of Exelon in the first quarter worth about $34,000. Investment Research & Advisory Group Inc. bought a new position in shares of Exelon in the second quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon in the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.1%

Shares of NASDAQ EXC opened at $45.93 on Thursday. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The stock’s fifty day simple moving average is $45.54 and its two-hundred day simple moving average is $44.50. The stock has a market capitalization of $46.40 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. 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) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s payout ratio is presently 57.35%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Barclays raised their price objective on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. BTIG Research started coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. KeyCorp increased their price target on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Finally, TD Cowen began coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.55.

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.