Victory Capital Management Inc. Increases Stock Holdings in Exelon Corporation $EXC

Victory Capital Management Inc. lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,346,697 shares of the company’s stock after buying an additional 34,854 shares during the quarter. Victory Capital Management Inc. owned about 0.23% of Exelon worth $105,625,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Exelon by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,522,986 shares of the company’s stock worth $5,874,840,000 after acquiring an additional 530,935 shares in the last quarter. State Street Corp boosted its stake in Exelon by 4.0% in the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after acquiring an additional 2,491,064 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after purchasing an additional 931,897 shares during the last quarter. Invesco Ltd. increased its position in shares of Exelon by 7.4% during the second quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after purchasing an additional 1,023,874 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Exelon during the second quarter worth about $589,122,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. 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 research report on Tuesday, January 27th. JPMorgan Chase & Co. decreased their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, December 12th. KeyCorp raised their target price on shares of Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday. Morgan Stanley reaffirmed an “underperform” rating and issued a $51.00 target price on shares of Exelon in a report on Wednesday, January 21st. Finally, BMO Capital Markets increased their price target on shares of Exelon from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Exelon Stock Performance

NASDAQ:EXC opened at $49.25 on Thursday. 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 firm has a market cap of $50.38 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.85 and a beta of 0.45. The firm’s fifty day moving average price is $45.35 and its 200 day moving average price is $45.20. Exelon Corporation has a 1-year low of $41.71 and a 1-year high of $49.88.

Exelon (NASDAQ:EXC) last released its 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 net margin of 11.41% and a return on equity of 9.97%. During the same period in the previous year, the firm posted $0.64 earnings per share. Exelon’s revenue for the quarter was down 1.1% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. This is an increase from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is 61.54%.

Exelon 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.