NorthCrest Asset Manangement LLC Increases Position in Exelon Corporation $EXC

NorthCrest Asset Manangement LLC increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 6,161.3% during the third quarter, Holdings Channel reports. The fund owned 390,139 shares of the company’s stock after acquiring an additional 383,908 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Exelon were worth $18,255,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXC. ATLAS Infrastructure Partners UK Ltd. increased its holdings in shares of Exelon by 3.6% in the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock valued at $260,685,000 after acquiring an additional 208,242 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Exelon by 92.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock valued at $2,418,000 after acquiring an additional 25,863 shares in the last quarter. ProShare Advisors LLC lifted its stake in Exelon by 6.4% during the second 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 last quarter. Econ Financial Services Corp acquired a new position in Exelon in the third quarter worth $1,926,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Exelon by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,573,635 shares of the company’s stock valued at $115,839,000 after purchasing an additional 309,853 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXC. KeyCorp set a $39.00 price target on shares of Exelon in a research report on Friday, December 12th. Royal Bank Of Canada initiated coverage on shares of Exelon in a report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price on the stock. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. UBS Group cut their price target on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.85.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $44.73 on Monday. Exelon Corporation has a 12-month low of $38.85 and a 12-month high of $48.51. The company has a market cap of $45.19 billion, a PE ratio of 16.03, a P/E/G ratio of 2.63 and a beta of 0.46. The stock has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $44.70. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The firm 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 research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, November 10th. Exelon’s dividend payout ratio is currently 57.35%.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.