Mitsubishi UFJ Asset Management Co. Ltd. Has $88.05 Million Stock Position in Exelon Corporation $EXC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,027,953 shares of the company’s stock after purchasing an additional 136,831 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Exelon were worth $88,054,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after purchasing an additional 581,686 shares in the last quarter. Deutsche Bank AG increased its position in shares of 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 buying an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after acquiring an additional 106,917 shares in the last quarter. Invesco Ltd. lifted its stake in Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after buying an additional 83,518 shares during the period. Finally, Northern Trust Corp boosted its stake in Exelon by 11.8% during the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after acquiring an additional 1,319,637 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Up 1.1%

NASDAQ EXC opened at $46.21 on Monday. The stock’s 50 day moving average is $45.41 and its 200 day moving average is $44.50. The firm has a market capitalization of $46.69 billion, a PE ratio of 17.57, a P/E/G ratio of 2.93 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51.

Exelon (NASDAQ:EXC) last released its 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. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts forecast that Exelon Corporation will post 2.64 earnings per share 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Analyst Ratings Changes

A number of analysts have commented on EXC shares. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price target for the company. UBS Group upped their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. TD Cowen began coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. Finally, Morgan Stanley boosted their price objective on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. 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 issued a Sell rating to the stock. According to MarketBeat, Exelon presently has an average rating of “Moderate Buy” and a consensus target price 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.