Federated Hermes Inc. Acquires 307,745 Shares of Exelon Corporation $EXC

Federated Hermes Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 220.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 447,100 shares of the company’s stock after buying an additional 307,745 shares during the period. Federated Hermes Inc.’s holdings in Exelon were worth $19,413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXC. ProShare Advisors LLC lifted its position in Exelon by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock valued at $72,637,000 after acquiring an additional 100,406 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Exelon during the 1st quarter worth about $47,789,000. Intech Investment Management LLC raised its stake in shares of Exelon by 24.6% in the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after purchasing an additional 8,809 shares during the period. Prudential Financial Inc. raised its stake in shares of Exelon by 16.4% in the 2nd quarter. Prudential Financial Inc. now owns 761,424 shares of the company’s stock valued at $33,061,000 after purchasing an additional 107,475 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Exelon by 11.7% in the second quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock valued at $298,669,000 after purchasing an additional 724,957 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp increased their price objective on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price target on shares of Exelon in a research report on Thursday, November 20th. BTIG Research began coverage on shares of Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Barclays raised their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $50.45.

Exelon Trading Up 1.0%

Shares of Exelon stock opened at $43.76 on Wednesday. The stock has a market cap of $44.21 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.66 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The business’s 50 day moving average is $46.25 and its 200-day moving average is $44.57.

Exelon (NASDAQ:EXC) last issued its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The business had revenue of $6.71 billion for 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 research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced 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 3.7%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is presently 57.35%.

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.