Shell Asset Management Co. Boosts Stake in Exelon Corporation $EXC

Shell Asset Management Co. raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 25.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 130,798 shares of the company’s stock after purchasing an additional 26,133 shares during the quarter. Shell Asset Management Co.’s holdings in Exelon were worth $5,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Exelon during the 1st quarter valued at about $285,428,000. ATLAS Infrastructure Partners UK Ltd. grew its stake in Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after acquiring an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after acquiring an additional 2,603,959 shares during the period. Electron Capital Partners LLC bought a new stake in shares of Exelon during the first quarter valued at approximately $117,274,000. Finally, GQG Partners LLC purchased a new stake in shares of Exelon in the first quarter valued at approximately $112,832,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the topic of several research reports. UBS Group restated a “neutral” rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley dropped their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Wednesday, July 16th. Evercore ISI set a $57.00 price target on shares of Exelon and gave the stock an “outperform” rating in a research report on Monday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.11.

Exelon Stock Performance

Shares of Exelon stock opened at $45.69 on Tuesday. The company has a 50 day moving average price of $44.23 and a 200 day moving average price of $44.24. The firm has a market capitalization of $46.15 billion, a P/E ratio of 17.37, a PEG ratio of 2.66 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s dividend payout ratio is presently 60.84%.

Exelon 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.