Exchange Traded Concepts LLC Has $2.42 Million Stock Position in Exelon Corporation $EXC

Exchange Traded Concepts LLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC) by 92.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,711 shares of the company’s stock after acquiring an additional 25,863 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Exelon were worth $2,418,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EXC. Norges Bank acquired a new position in Exelon during the 2nd quarter valued at about $589,122,000. ATLAS Infrastructure Partners UK Ltd. raised its stake in shares of Exelon by 192.7% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after buying an additional 3,815,722 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Exelon by 164.3% during the second quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock worth $242,875,000 after buying an additional 3,476,942 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Exelon by 506.9% in the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock valued at $143,163,000 after buying an additional 2,603,959 shares during the period. Finally, Electron Capital Partners LLC bought a new position in Exelon in the first quarter valued at approximately $117,274,000. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXC. KeyCorp set a $39.00 price target on Exelon in a research note on Friday, December 12th. Jefferies Financial Group set a $57.00 price objective on Exelon in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Barclays boosted their target price on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Morgan Stanley reiterated an “underperform” rating and issued a $52.00 price target on shares of Exelon in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.75.

Exelon Stock Up 1.2%

Shares of Exelon stock opened at $43.96 on Friday. The company has a market capitalization of $44.41 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 2.67 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The business has a 50-day moving average of $45.59 and a two-hundred day moving average of $44.58. Exelon Corporation has a 1 year low of $37.06 and a 1 year high of $48.51.

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, beating the consensus estimate of $0.69 by $0.17. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Exelon 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.