Te Ahumairangi Investment Management Ltd Purchases 21,470 Shares of Exelon Corporation $EXC

Te Ahumairangi Investment Management Ltd increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 31.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,006 shares of the company’s stock after buying an additional 21,470 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Exelon were worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Exelon by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock valued at $5,644,255,000 after acquiring an additional 2,075,014 shares during the period. Geode Capital Management LLC lifted its stake in Exelon by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after purchasing an additional 931,897 shares during the last quarter. Deutsche Bank AG grew its holdings in Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after purchasing an additional 1,988,212 shares during the period. Invesco Ltd. increased its position in Exelon by 0.6% during the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after buying an additional 83,518 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Exelon by 11.8% in the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock valued at $577,470,000 after buying an additional 1,319,637 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 1.0%

EXC opened at $45.78 on Wednesday. The stock has a fifty day moving average of $46.02 and a 200-day moving average of $44.47. The company has a market capitalization of $46.25 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51. 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 released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. 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. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Barclays lifted their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.45.

Exelon 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.