Man Group plc Takes $42.10 Million Position in Exelon Corporation $EXC

Man Group plc bought a new stake in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, HoldingsChannel reports. The fund bought 903,147 shares of the company’s stock, valued at approximately $42,105,000.

Several other large investors have also recently added to or reduced their stakes in EXC. Motiv8 Investments LLC acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $25,000. Leonteq Securities AG purchased a new stake in shares of Exelon during the 4th quarter worth $26,000. Bell Investment Advisors Inc boosted its position in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares in the last quarter. SHP Wealth Management acquired a new position in shares of Exelon during the 4th quarter worth $26,000. Finally, Eastern Bank purchased a new position in shares of Exelon in the 2nd quarter valued at about $26,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXC shares. Morgan Stanley dropped their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. KeyCorp decreased their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Truist Financial dropped their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Four investment 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 stock presently has an average rating of “Hold” and a consensus price target of $50.07.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $44.44 on Thursday. The business’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $46.72. The stock has a market cap of $45.87 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the firm earned $0.39 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts forecast that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s payout ratio is presently 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.