Payden & Rygel Buys 150,800 Shares of Exelon Corporation $EXC

Payden & Rygel lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 59.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 405,910 shares of the company’s stock after buying an additional 150,800 shares during the period. Exelon makes up about 1.5% of Payden & Rygel’s portfolio, making the stock its 24th largest position. Payden & Rygel’s holdings in Exelon were worth $18,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Norges Bank bought a new position in Exelon during the 2nd quarter valued at $589,122,000. ANTIPODES PARTNERS Ltd lifted its position in shares of Exelon by 134,604.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock valued at $160,137,000 after purchasing an additional 3,554,891 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Exelon by 164.3% during the second quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock worth $242,875,000 after purchasing an additional 3,476,942 shares during the last quarter. Allianz Asset Management GmbH grew its position in Exelon by 170.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after purchasing an additional 2,841,118 shares in the last quarter. Finally, State Street Corp increased its stake in Exelon by 4.0% in the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after buying an additional 2,491,064 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of research analyst reports. Barclays cut their target price on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. JPMorgan Chase & Co. cut their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Mizuho raised their target price on Exelon from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley reissued an “underperform” rating and issued a $51.00 price target on shares of Exelon in a report on Wednesday, January 21st. Finally, Wells Fargo & Company raised their price objective on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.14.

Exelon Stock Performance

Shares of EXC opened at $47.79 on Monday. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $49.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.84. The stock’s fifty day moving average price is $44.54 and its two-hundred day moving average price is $44.98. The firm has a market cap of $48.88 billion, a PE ratio of 17.51, a PEG ratio of 2.79 and a beta of 0.45.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.59 earnings per share 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%.During the same period last year, the company posted $0.64 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a $0.42 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. Exelon’s dividend payout ratio is 58.61%.

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.