Jennison Associates LLC Reduces Holdings in Exelon Corporation $EXC

Jennison Associates LLC decreased its position in shares of Exelon Corporation (NASDAQ:EXC) by 11.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,150,558 shares of the company’s stock after selling 290,275 shares during the period. Jennison Associates LLC’s holdings in Exelon were worth $105,420,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC grew its stake in shares of Exelon by 2.4% during the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock valued at $460,000 after acquiring an additional 217 shares in the last quarter. PFG Investments LLC increased its position in shares of Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock worth $698,000 after acquiring an additional 218 shares during the last quarter. Texas Bank & Trust Co lifted its stake in shares of Exelon by 1.5% in the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock worth $755,000 after acquiring an additional 229 shares in the last quarter. Plimoth Trust Co. LLC lifted its stake in shares of Exelon by 1.8% in the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock worth $569,000 after acquiring an additional 230 shares in the last quarter. Finally, Westfuller Advisors LLC boosted its holdings in Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $46.26 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $47.33 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The business has a 50 day simple moving average of $45.92 and a 200-day simple moving average of $46.39.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s dividend payout ratio is 61.54%.

Analyst Ratings Changes

A number of brokerages have weighed in on EXC. TD Cowen lowered their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Truist Financial increased their target price on Exelon from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday. Morgan Stanley decreased their price target on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.33.

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.