Exelon Corporation $EXC Stock Position Lifted by Panagora Asset Management Inc.

Panagora Asset Management Inc. lifted its position in Exelon Corporation (NASDAQ:EXC) by 45.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,023,389 shares of the company’s stock after acquiring an additional 949,877 shares during the quarter. Panagora Asset Management Inc.’s holdings in Exelon were worth $131,276,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Exelon by 1.6% during the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after purchasing an additional 2,075,014 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after purchasing an additional 931,897 shares during the period. Deutsche Bank AG raised its holdings in shares of Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after purchasing an additional 1,988,212 shares during the period. Invesco Ltd. boosted its holdings in shares of Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after buying an additional 83,518 shares during the period. Finally, Norges Bank acquired a new position in shares of Exelon in the 2nd quarter valued at about $589,122,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

Shares of EXC opened at $47.36 on Monday. The firm has a market capitalization of $47.85 billion, a PE ratio of 18.01, a P/E/G ratio of 2.93 and a beta of 0.44. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $46.23 and a 200 day moving average price of $44.55. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Analysts Set New Price Targets

EXC has been the subject of a number of research reports. KeyCorp upped their target price on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. TD Cowen assumed coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target on the stock. Jefferies Financial Group set a $57.00 price objective on Exelon in a research note on Wednesday, October 15th. UBS Group increased their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.45.

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.