1,152,083 Shares in Exelon Corporation $EXC Bought by Magellan Asset Management Ltd

Magellan Asset Management Ltd purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,152,083 shares of the company’s stock, valued at approximately $53,710,000. Exelon accounts for approximately 1.2% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 28th largest holding. Magellan Asset Management Ltd owned approximately 0.11% of Exelon at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after acquiring an additional 595,555 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Exelon during the 2nd quarter valued at about $5,583,709,000. State Street Corp raised its position in shares of Exelon by 4.0% in the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after acquiring an additional 2,550,786 shares during the period. Lazard Asset Management LLC increased its holdings in Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock worth $1,206,887,000 after acquiring an additional 1,490,251 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after purchasing an additional 595,655 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXC shares. Truist Financial reduced their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Morgan Stanley lowered their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday. TD Cowen reduced their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, KeyCorp reduced their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.07.

Exelon Stock Performance

Exelon stock opened at $43.78 on Monday. The stock has a 50-day moving average price of $46.25 and a 200 day moving average price of $46.70. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The stock has a market cap of $45.19 billion, a PE ratio of 16.04, a P/E/G ratio of 2.65 and a beta of 0.31.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio is 61.54%.

Exelon Company Profile

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.