Exelon Corporation $EXC Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 3.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,958,588 shares of the company’s stock after purchasing an additional 931,897 shares during the quarter. Geode Capital Management LLC’s holdings in Exelon were worth $1,209,229,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EXC. Hager Investment Management Services LLC grew its holdings in shares of Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Exelon by 46.4% in the 1st 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. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon during the 1st quarter worth approximately $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon during the 2nd quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of several recent analyst reports. Barclays raised their target price on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Morgan Stanley upped their target price on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. BTIG Research initiated coverage on shares of Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. TD Cowen assumed coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Finally, Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Trading Up 1.1%

NASDAQ EXC opened at $45.93 on Thursday. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The firm has a 50 day simple moving average of $45.54 and a 200-day simple moving average of $44.50. The firm has a market cap of $46.40 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.93 and a beta of 0.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

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

Exelon Announces Dividend

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

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.