GQG Partners LLC Makes New $922.92 Million Investment in Exelon Corporation $EXC

GQG Partners LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,796,580 shares of the company’s stock, valued at approximately $922,917,000. Exelon accounts for 1.7% of GQG Partners LLC’s holdings, making the stock its 17th largest position.

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

Exelon Trading Down 2.8%

NASDAQ:EXC opened at $43.78 on Friday. The company has a 50-day moving average price of $46.25 and a 200-day moving average price of $46.68. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 2.65 and a beta of 0.31. 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 12 month low of $42.58 and a 12 month high of $50.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Exelon’s quarterly revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon’s dividend payout ratio is currently 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several recent analyst reports. TD Cowen cut their target price 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. KeyCorp dropped their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Truist Financial lowered their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, Morgan Stanley dropped their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday. Four 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. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $50.07.

Exelon 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.