Legal & General Group Plc Raises Stock Position in Exelon Corporation $EXC

Legal & General Group Plc lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,943,161 shares of the company’s stock after acquiring an additional 88,634 shares during the quarter. Legal & General Group Plc’s holdings in Exelon were worth $582,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LRI Investments LLC raised its position in Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 392 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Exelon in the third quarter valued at about $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Exelon during the 2nd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Exelon during the 3rd quarter worth approximately $32,000. Finally, Motco lifted its position in Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after acquiring an additional 696 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Down 0.3%

EXC opened at $49.01 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. The business has a 50 day moving average price of $45.78 and a 200 day moving average price of $45.33. The firm has a market cap of $50.13 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.86 and a beta of 0.45. Exelon Corporation has a twelve month low of $41.71 and a twelve month high of $49.88.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is currently 61.54%.

Analyst Ratings Changes

Several analysts have issued reports on EXC shares. UBS Group increased their price objective on shares of Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Scotiabank boosted their price objective on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Barclays decreased their target price on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price target on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Finally, Jefferies Financial Group lowered their price objective on shares of Exelon from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $50.50.

Exelon Company 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.