Franklin Resources Inc. Has $254.26 Million Holdings in Exelon Corporation $EXC

Franklin Resources Inc. lessened its stake in Exelon Corporation (NASDAQ:EXC) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 5,832,885 shares of the company’s stock after selling 105,031 shares during the quarter. Franklin Resources Inc.’s holdings in Exelon were worth $254,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Optima Capital LLC acquired a new position in Exelon in the fourth quarter valued at about $25,000. Beacon Financial Strategies CORP acquired a new position in Exelon in the fourth quarter valued at about $26,000. Leonteq Securities AG acquired a new position in Exelon during the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC acquired a new position in Exelon during the fourth quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Exelon by 289.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock worth $34,000 after acquiring an additional 578 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $45.33 on Wednesday. The business has a 50 day moving average of $46.39 and a 200-day moving average of $45.98. Exelon Corporation has a 1 year low of $42.15 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market capitalization of $46.38 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.60 and a beta of 0.31.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio is currently 61.54%.

Analysts Set New Price Targets

EXC has been the subject of several research analyst reports. Morgan Stanley lowered their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Scotiabank boosted their target price on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. Wells Fargo & Company set a $50.00 target price on Exelon in a research note on Tuesday, April 21st. Finally, UBS Group boosted their target price on Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.27.

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.