Payden & Rygel Has $18.27 Million Position in Exelon Corporation $EXC

Payden & Rygel raised its stake in Exelon Corporation (NASDAQ:EXC) by 59.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 405,910 shares of the company’s stock after buying an additional 150,800 shares during the period. Exelon comprises about 1.5% of Payden & Rygel’s portfolio, making the stock its 24th biggest position. Payden & Rygel’s holdings in Exelon were worth $18,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LRI Investments LLC boosted its holdings in Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 392 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Exelon in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new stake in shares of Exelon during the third quarter worth $30,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Exelon during the third quarter worth $32,000. Finally, Motco raised its stake 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 during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXC. Royal Bank Of Canada started coverage on Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price target for the company. Wells Fargo & Company raised their target price on Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Morgan Stanley reissued an “underperform” rating and issued a $51.00 price target on shares of Exelon in a research note on Wednesday, January 21st. KeyCorp set a $39.00 price objective on shares of Exelon in a research report on Friday, December 12th. Finally, Scotiabank boosted their target price on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.14.

Exelon Trading Up 0.9%

Shares of Exelon stock opened at $47.79 on Monday. The stock has a market capitalization of $48.88 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.79 and a beta of 0.45. Exelon Corporation has a 52 week low of $41.71 and a 52 week high of $49.11. The stock has a 50 day moving average price of $44.54 and a two-hundred day moving average price of $44.98. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a boost from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. Exelon’s payout ratio is presently 58.61%.

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.