Exelon Corporation $EXC Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC grew its stake in Exelon Corporation (NASDAQ:EXC) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,601 shares of the company’s stock after purchasing an additional 46,267 shares during the period. Acadian Asset Management LLC’s holdings in Exelon were worth $16,608,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Exelon by 3,869.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,895 shares of the company’s stock valued at $22,791,000 after acquiring an additional 511,673 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Exelon by 7.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,027,953 shares of the company’s stock worth $88,054,000 after buying an additional 136,831 shares during the last quarter. Magellan Asset Management Ltd raised its stake in Exelon by 4.4% during the second quarter. Magellan Asset Management Ltd now owns 759,137 shares of the company’s stock worth $32,962,000 after purchasing an additional 31,952 shares during the period. Aviva PLC grew its position in Exelon by 5.7% in the second quarter. Aviva PLC now owns 1,624,374 shares of the company’s stock worth $70,530,000 after acquiring an additional 87,237 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in Exelon by 49.5% in the 2nd quarter. Prospera Financial Services Inc now owns 16,005 shares of the company’s stock valued at $695,000 after buying an additional 5,299 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Down 0.0%

Shares of NASDAQ EXC opened at $45.44 on Wednesday. The firm’s 50-day moving average is $45.49 and its two-hundred day moving average is $44.49. The company has a market capitalization of $45.91 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. UBS Group boosted their price target on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. KeyCorp lifted their target price on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. Barclays lifted their target price on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group set a $57.00 target price on Exelon in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.55.

About Exelon

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.