246,508 Shares in Exelon Corporation $EXC Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 246,508 shares of the company’s stock, valued at approximately $11,623,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. ASR Vermogensbeheer N.V. lifted its holdings in shares of Exelon by 28.4% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after acquiring an additional 60,250 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock worth $23,569,000 after purchasing an additional 289,436 shares in the last quarter. Ethic Inc. increased its position in Exelon by 7.6% during the 4th quarter. Ethic Inc. now owns 334,268 shares of the company’s stock worth $14,571,000 after purchasing an additional 23,567 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in Exelon in the 4th quarter valued at approximately $2,021,000. Finally, Principal Financial Group Inc. boosted its position in Exelon by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,237,676 shares of the company’s stock valued at $53,950,000 after buying an additional 37,672 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $43.93 on Friday. The stock’s 50 day moving average is $46.08 and its 200 day moving average is $46.69. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The firm has a market cap of $45.35 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.66 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s payout ratio is presently 61.54%.

Analysts Set New Price Targets

EXC has been the subject of several research reports. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp reduced their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley lowered their price objective on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Truist Financial dropped their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Finally, TD Cowen cut their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.07.

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.