Envestnet Portfolio Solutions Inc. Grows Stock Holdings in Exelon Corporation $EXC

Envestnet Portfolio Solutions Inc. lifted its stake in Exelon Corporation (NASDAQ:EXC) by 657.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,203 shares of the company’s stock after purchasing an additional 221,532 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Exelon were worth $11,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Vanguard Group Inc. raised its stake in Exelon by 1.6% during the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock valued at $5,644,255,000 after buying an additional 2,075,014 shares during the last quarter. State Street Corp increased its holdings in shares of Exelon by 4.0% during the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after acquiring an additional 2,491,064 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after acquiring an additional 931,897 shares in the last quarter. Invesco Ltd. raised its position in shares of Exelon by 7.4% in the 2nd quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after purchasing an additional 1,023,874 shares during the last quarter. Finally, Norges Bank bought a new position in Exelon in the 2nd quarter worth about $589,122,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of Exelon in a research note on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. UBS Group decreased their price objective on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Finally, KeyCorp set a $39.00 target price on Exelon in a research note on Friday, December 12th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average price target of $49.54.

Exelon Stock Down 1.2%

EXC opened at $44.06 on Friday. The stock has a market capitalization of $44.51 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.62 and a beta of 0.46. The firm has a 50 day moving average price of $44.37 and a 200-day moving average price of $44.73. Exelon Corporation has a twelve month low of $38.85 and a twelve month high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 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 the consensus estimate of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon’s payout ratio is presently 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.