Intech Investment Management LLC Boosts Stake in Exelon Corporation $EXC

Intech Investment Management LLC raised its position in Exelon Corporation (NASDAQ:EXC) by 37.6% during the second quarter, HoldingsChannel.com reports. The firm owned 61,334 shares of the company’s stock after buying an additional 16,758 shares during the quarter. Intech Investment Management LLC’s holdings in Exelon were worth $2,663,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EXC. ProShare Advisors LLC boosted its position in Exelon by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock worth $72,637,000 after purchasing an additional 100,406 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Exelon in the first quarter valued at about $47,789,000. Nordea Investment Management AB lifted its stake in shares of Exelon by 11.7% during the second quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock worth $298,669,000 after purchasing an additional 724,957 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Exelon by 26.2% in the first quarter. Empowered Funds LLC now owns 72,308 shares of the company’s stock worth $3,332,000 after buying an additional 15,019 shares during the period. Finally, Global Financial Private Client LLC grew its stake in shares of Exelon by 38,210.9% in the second quarter. Global Financial Private Client LLC now owns 17,623 shares of the company’s stock valued at $765,000 after buying an additional 17,577 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $45.56 on Thursday. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.51. 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 stock has a market cap of $46.03 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The stock has a 50 day moving average of $45.82 and a 200-day moving average of $44.48.

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

Exelon Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio is 57.35%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays boosted their price target on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Evercore ISI assumed coverage on shares of Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price on the stock. UBS Group upped their target price on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. KeyCorp raised their price target on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. Finally, BTIG Research initiated coverage on shares of Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.55.

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.