Magellan Asset Management Ltd Purchases 75,960 Shares of Exelon Corporation $EXC

Magellan Asset Management Ltd grew its holdings in Exelon Corporation (NASDAQ:EXC) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 835,097 shares of the company’s stock after acquiring an additional 75,960 shares during the quarter. Magellan Asset Management Ltd owned 0.08% of Exelon worth $37,588,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EXC. LRI Investments LLC boosted its holdings in Exelon by 210.8% in the 3rd quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 392 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Exelon in the second quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new stake in shares of Exelon in the third quarter valued at approximately $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Exelon in the third quarter valued at approximately $32,000. Finally, Motco grew its position in Exelon by 1,008.7% during the third quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after buying an additional 696 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

NASDAQ:EXC opened at $48.59 on Wednesday. Exelon Corporation has a twelve month low of $41.71 and a twelve month high of $49.11. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The stock’s 50-day simple moving average is $44.73 and its 200 day simple moving average is $45.02. The firm has a market capitalization of $49.70 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.81 and a beta of 0.45.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, February 12th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. During the same period in the previous year, the company earned $0.64 earnings per share. Exelon’s revenue for the quarter was down 1.1% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a $0.42 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, March 2nd. Exelon’s dividend payout ratio (DPR) is 58.61%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EXC shares. Wolfe Research cut Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. KeyCorp set a $39.00 price target on Exelon in a research note on Friday, December 12th. UBS Group upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Sunday. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.14.

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.