Geode Capital Management LLC Has $1.23 Billion Stock Position in Exelon Corporation $EXC

Geode Capital Management LLC lowered its stake in Exelon Corporation (NASDAQ:EXC) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,420,198 shares of the company’s stock after selling 32,972 shares during the period. Geode Capital Management LLC’s holdings in Exelon were worth $1,234,365,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC boosted its position 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 buying an additional 392 shares in the last quarter. Optima Capital LLC acquired a new position in shares of Exelon during the fourth quarter worth $25,000. Beacon Financial Strategies CORP acquired a new position in shares of Exelon during the fourth quarter worth $26,000. Leonteq Securities AG acquired a new position in shares of Exelon during the fourth quarter worth $26,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Exelon by 289.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXC. Citigroup began coverage on shares of Exelon in a report on Thursday, March 26th. They set a “buy” rating and a $58.00 price target on the stock. Morgan Stanley cut their price target on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. TD Cowen cut their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Scotiabank lifted their price target on shares of Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Finally, Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $50.33.

Exelon Price Performance

Shares of NASDAQ EXC opened at $45.58 on Friday. Exelon Corporation has a twelve month low of $42.11 and a twelve month high of $50.65. The firm has a fifty day simple moving average of $46.83 and a 200 day simple moving average of $46.02. The company has a market capitalization of $46.64 billion, a PE ratio of 16.70, a P/E/G ratio of 2.68 and a beta of 0.32. 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 (NASDAQ:EXC) last announced its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm earned $0.92 earnings per share. Exelon’s quarterly revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, sell-side analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

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.