OFI Invest Asset Management Acquires 32,313 Shares of Exelon Corporation $EXC

OFI Invest Asset Management increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,035,995 shares of the company’s stock after buying an additional 32,313 shares during the quarter. OFI Invest Asset Management’s holdings in Exelon were worth $46,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arvest Investments Inc. bought a new position in shares of Exelon in the third quarter worth about $544,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Exelon by 16.9% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 61,749 shares of the company’s stock valued at $2,779,000 after purchasing an additional 8,920 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Exelon by 92.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock worth $2,418,000 after purchasing an additional 25,863 shares in the last quarter. S.E.E.D. Planning Group LLC bought a new position in Exelon in the 3rd quarter valued at approximately $205,000. Finally, Beech Hill Advisors Inc. lifted its stake in Exelon by 8.6% in the 3rd quarter. Beech Hill Advisors Inc. now owns 24,951 shares of the company’s stock valued at $1,123,000 after purchasing an additional 1,983 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. KeyCorp set a $39.00 price objective on Exelon in a research report on Friday, December 12th. Barclays upped their target price on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, UBS Group reduced their price target on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $49.75.

Exelon Stock Performance

NASDAQ EXC opened at $43.55 on Tuesday. The company has a market capitalization of $44.00 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.68 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $36.80 and a twelve month high of $48.51. The stock has a fifty day simple moving average of $45.82 and a 200 day simple moving average of $44.59.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, November 10th. Exelon’s dividend payout ratio is currently 57.35%.

Exelon Company 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.