OFI Invest Asset Management Buys 45,963 Shares of Exelon Corporation $EXC

OFI Invest Asset Management lifted its stake in Exelon Corporation (NASDAQ:EXC) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,003,682 shares of the company’s stock after buying an additional 45,963 shares during the period. OFI Invest Asset Management owned approximately 0.10% of Exelon worth $43,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Board of the Pension Protection Fund bought a new stake in shares of Exelon in the second quarter valued at approximately $1,224,000. Vanguard Personalized Indexing Management LLC lifted its stake in Exelon by 24.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,339 shares of the company’s stock worth $6,702,000 after purchasing an additional 29,988 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Exelon by 2.2% during the second quarter. Concurrent Investment Advisors LLC now owns 12,246 shares of the company’s stock worth $532,000 after purchasing an additional 260 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Exelon by 40.6% during the second quarter. Apollon Wealth Management LLC now owns 27,437 shares of the company’s stock worth $1,191,000 after purchasing an additional 7,917 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in Exelon during the second quarter worth $118,000. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXC has been the subject of several recent analyst reports. UBS Group upped their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday. KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Morgan Stanley cut their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Evercore ISI initiated coverage on Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.33.

Exelon Stock Up 0.9%

Shares of NASDAQ:EXC opened at $47.07 on Friday. The company has a fifty day moving average of $44.41 and a 200-day moving average of $44.33. The company has a market capitalization of $47.54 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.76 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is presently 60.84%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.