Exelon Corporation $EXC Shares Purchased by Legal & General Group Plc

Legal & General Group Plc increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,145,826 shares of the company’s stock after acquiring an additional 202,665 shares during the period. Legal & General Group Plc owned approximately 1.30% of Exelon worth $573,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its holdings in Exelon by 170.8% during the third quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after acquiring an additional 2,841,118 shares during the period. Nordea Investment Management AB grew its holdings in Exelon by 14.6% in the fourth quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock valued at $352,397,000 after purchasing an additional 1,024,106 shares during the last quarter. ASR Vermogensbeheer N.V. grew its holdings in Exelon by 28.4% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after purchasing an additional 60,250 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Exelon by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 491,478 shares of the company’s stock valued at $22,121,000 after purchasing an additional 113,552 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Exelon by 36.3% in the third quarter. Advisors Asset Management Inc. now owns 83,551 shares of the company’s stock valued at $3,761,000 after purchasing an additional 22,256 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EXC. TD Cowen lowered their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Truist Financial began coverage on Exelon in a report on Monday, April 20th. They issued a “hold” rating and a $50.00 target price on the stock. Wall Street Zen raised Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. BMO Capital Markets reissued a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a report on Friday, April 17th. Finally, Jefferies Financial Group lowered Exelon from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $50.00 in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.33.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.23 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. Exelon Corporation has a 52-week low of $42.11 and a 52-week high of $50.65. The stock’s fifty day simple moving average is $47.07 and its 200-day simple moving average is $46.02. The company has a market capitalization of $47.30 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.68 and a beta of 0.32.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, June 4th. Exelon’s dividend payout ratio is currently 61.54%.

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.