Intech Investment Management LLC Boosts Position in Exelon Corporation $EXC

Intech Investment Management LLC increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 24.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,576 shares of the company’s stock after purchasing an additional 8,809 shares during the quarter. Intech Investment Management LLC’s holdings in Exelon were worth $2,054,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock valued at $5,894,417,000 after buying an additional 581,686 shares during the last quarter. Deutsche Bank AG lifted its stake in Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after buying an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Exelon by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock valued at $729,777,000 after buying an additional 106,917 shares during the last quarter. Invesco Ltd. lifted its stake in Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after buying an additional 83,518 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon by 43.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock valued at $483,525,000 after buying an additional 3,878,687 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 1.6%

NASDAQ:EXC opened at $42.73 on Wednesday. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. The firm has a market capitalization of $43.16 billion, a P/E ratio of 16.25, a P/E/G ratio of 2.55 and a beta of 0.41. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The business has a 50 day simple moving average of $44.00 and a 200 day simple moving average of $44.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is presently 60.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Morgan Stanley restated an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group restated a “neutral” rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.20.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.