Assenagon Asset Management S.A. Reduces Stake in Exelon Corporation $EXC

Assenagon Asset Management S.A. cut its stake in Exelon Corporation (NASDAQ:EXC) by 23.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 501,675 shares of the company’s stock after selling 156,499 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Exelon were worth $21,868,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in Exelon by 170.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock valued at $202,742,000 after purchasing an additional 2,841,118 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. lifted its stake in Exelon by 3.6% during the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock worth $260,685,000 after purchasing an additional 208,242 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in Exelon by 3.0% during the third quarter. Maryland State Retirement & Pension System now owns 987,350 shares of the company’s stock worth $44,441,000 after purchasing an additional 28,443 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Exelon during the third quarter worth $10,875,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Exelon by 92.9% in the third quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock valued at $2,418,000 after buying an additional 25,863 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.5%

Exelon stock opened at $48.40 on Friday. The firm has a market capitalization of $49.52 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.77 and a beta of 0.45. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $41.71 and a twelve month high of $50.65. The stock’s fifty day simple moving average is $46.99 and its 200-day simple moving average is $45.70.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.During the same period last year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd. This is a boost from Exelon’s previous quarterly dividend of $0.40. Exelon’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXC. Barclays cut their price objective on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Royal Bank Of Canada began coverage on Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Scotiabank boosted their price target on shares of Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. Finally, Mizuho increased their price target on shares of Exelon from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.40.

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.