Allstate Corp Acquires New Holdings in Exelon Corporation $EXC

Allstate Corp acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,029 shares of the company’s stock, valued at approximately $1,667,000.

A number of other large investors have also added to or reduced their stakes in the company. ATLAS Infrastructure Partners UK Ltd. lifted its stake in shares of Exelon by 3.6% in the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock valued at $260,685,000 after purchasing an additional 208,242 shares during the period. Exchange Traded Concepts LLC lifted its stake in Exelon by 92.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock valued at $2,418,000 after acquiring an additional 25,863 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Exelon by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock valued at $72,637,000 after buying an additional 100,406 shares during the period. Econ Financial Services Corp purchased a new stake in shares of Exelon during the 3rd quarter valued at about $1,926,000. Finally, RWC Asset Management LLP grew its position in shares of Exelon by 6.1% during the 3rd quarter. RWC Asset Management LLP now owns 1,966,320 shares of the company’s stock valued at $88,504,000 after acquiring an additional 112,199 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXC shares. Evercore ISI began coverage on shares of Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Morgan Stanley reissued an “underperform” rating and set a $52.00 price target on shares of Exelon in a research note on Thursday, November 20th. JPMorgan Chase & Co. dropped their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. BTIG Research assumed coverage on shares of Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group set a $57.00 target price on shares of Exelon in a research note on Wednesday, October 15th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.77.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.95 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a one year low of $38.85 and a one year high of $48.51. The firm has a market cap of $45.41 billion, a PE ratio of 16.11, a PEG ratio of 2.63 and a beta of 0.46. The firm has a fifty day moving average of $44.44 and a 200 day moving average of $44.72.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.69 by $0.17. The company 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, research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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

About Exelon

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.