Franklin Resources Inc. Sells 105,031 Shares of Exelon Corporation $EXC

Franklin Resources Inc. trimmed its stake in shares of Exelon Corporation (NASDAQ:EXC) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,832,885 shares of the company’s stock after selling 105,031 shares during the quarter. Franklin Resources Inc. owned about 0.58% of Exelon worth $254,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Caxton Associates LLP bought a new position in Exelon during the first quarter worth $286,000. Woodline Partners LP boosted its position in Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares during the period. Jump Financial LLC bought a new stake in shares of Exelon in the second quarter valued at about $2,448,000. Gamco Investors INC. ET AL bought a new stake in shares of Exelon in the second quarter valued at about $645,000. Finally, Treasurer of the State of North Carolina boosted its position in shares of Exelon by 3.1% in the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock valued at $20,502,000 after acquiring an additional 14,240 shares during the period. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXC has been the subject of a number of recent research reports. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. JPMorgan Chase & Co. boosted their target price on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. KeyCorp reduced their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.27.

Exelon Trading Up 1.2%

Shares of Exelon stock opened at $45.33 on Wednesday. The firm has a 50-day moving average of $46.39 and a 200-day moving average of $45.98. The stock has a market cap of $46.38 billion, a PE ratio of 16.60, a PEG ratio of 2.60 and a beta of 0.31. Exelon Corporation has a 52-week low of $42.15 and a 52-week high of $50.65. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.Exelon’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be paid a $0.42 dividend. 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 payout ratio is 61.54%.

About Exelon

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.