Magellan Asset Management Ltd Raises Stock Position in Exelon Corporation $EXC

Magellan Asset Management Ltd lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 862,916 shares of the company’s stock after acquiring an additional 27,819 shares during the quarter. Magellan Asset Management Ltd owned approximately 0.09% of Exelon worth $37,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXC. Optima Capital LLC purchased a new position in shares of Exelon during the fourth quarter worth approximately $25,000. Beacon Financial Strategies CORP purchased a new position in shares of Exelon during the fourth quarter worth approximately $26,000. Leonteq Securities AG purchased a new position in shares of Exelon during the fourth quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Exelon by 289.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after acquiring an additional 578 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its position in shares of Exelon by 861.2% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 817 shares of the company’s stock worth $36,000 after acquiring an additional 732 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the topic of a number of research reports. Citigroup initiated coverage on shares of Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Morgan Stanley reduced their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Royal Bank Of Canada cut their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Finally, KeyCorp cut their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.27.

Exelon Price Performance

Shares of EXC opened at $44.63 on Friday. The company has a market cap of $45.67 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 2.61 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.11 and a twelve month high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The company has a 50 day moving average of $46.56 and a two-hundred day moving average of $46.00.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. Exelon’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, June 4th. Exelon’s dividend payout ratio (DPR) 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.