OP Asset Management Ltd Acquires Shares of 109,192 Exelon Corporation $EXC

OP Asset Management Ltd bought a new position in shares of Exelon Corporation (NASDAQ:EXC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,192 shares of the company’s stock, valued at approximately $5,353,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Exelon by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock valued at $5,715,457,000 after acquiring an additional 595,555 shares during the period. State Street Corp lifted its position in Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after acquiring an additional 2,550,786 shares during the period. Lazard Asset Management LLC lifted its position in Exelon by 3.0% during the 4th quarter. Lazard Asset Management LLC now owns 23,130,053 shares of the company’s stock worth $1,008,239,000 after acquiring an additional 683,950 shares during the period. Deutsche Bank AG lifted its position in Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after acquiring an additional 595,655 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Exelon by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after purchasing an additional 393,917 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ EXC opened at $47.42 on Friday. The stock has a market capitalization of $48.52 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.71 and a beta of 0.31. The business’s 50 day moving average is $45.70 and its two-hundred day moving average is $46.04. Exelon Corporation has a 12-month low of $42.39 and a 12-month high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

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

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio (DPR) is 61.54%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company set a $50.00 target price on Exelon in a report on Tuesday, April 21st. Morgan Stanley lowered their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Mizuho set a $48.00 price objective on shares of Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Finally, Royal Bank Of Canada reduced their target price on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.27.

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.