Franklin Resources Inc. Sells 691,931 Shares of Exelon Corporation $EXC

Franklin Resources Inc. reduced its position in shares of Exelon Corporation (NASDAQ:EXC) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,937,916 shares of the company’s stock after selling 691,931 shares during the period. Franklin Resources Inc.’s holdings in Exelon were worth $267,266,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EXC. LRI Investments LLC increased its holdings in Exelon by 210.8% during the 3rd 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. Elevation Point Wealth Partners LLC purchased a new stake in Exelon in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC purchased a new stake in Exelon in the 3rd quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Exelon in the 3rd quarter worth approximately $32,000. Finally, Motco increased its stake in shares of Exelon by 1,008.7% during the third quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after buying an additional 696 shares during the period. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Scotiabank lifted their price target on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. KeyCorp upped their price objective on shares of Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.93.

Exelon Price Performance

EXC opened at $49.48 on Friday. Exelon Corporation has a 12-month low of $41.71 and a 12-month high of $49.88. The company has a market cap of $50.61 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 2.84 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. The stock has a fifty day simple moving average of $46.00 and a two-hundred day simple moving average of $45.38.

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

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. This is a boost from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 2nd. Exelon’s dividend payout ratio is currently 61.54%.

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.