Exelon Corporation $EXC Holdings Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,236 shares of the company’s stock after purchasing an additional 27,728 shares during the period. Rakuten Investment Management Inc.’s holdings in Exelon were worth $11,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Exelon in the second quarter valued at about $5,583,709,000. Lazard Asset Management LLC boosted its position in Exelon by 6.4% in the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock worth $1,206,887,000 after purchasing an additional 1,490,251 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Exelon during the 2nd quarter valued at about $922,917,000. Legal & General Group Plc bought a new stake in shares of Exelon during the 2nd quarter valued at about $602,760,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Exelon during the 2nd quarter valued at about $580,842,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.6%

Shares of EXC opened at $46.24 on Thursday. The stock has a market capitalization of $47.85 billion, a PE ratio of 17.99, a P/E/G ratio of 2.49 and a beta of 0.24. The company’s fifty day moving average is $42.97 and its 200 day moving average is $45.61. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Corporation has a fifty-two week low of $39.73 and a fifty-two week high of $50.65.

Exelon (NASDAQ:EXC) last announced its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. Exelon had a net margin of 10.17% and a return on equity of 9.75%. The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same period in the prior year, the company earned $0.86 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 4th. Exelon’s dividend payout ratio is 65.37%.

Wall Street Analyst Weigh In

EXC has been the topic of a number of analyst reports. Truist Financial lowered their price objective on Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. KeyCorp upgraded shares of Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 target price for the company in a research report on Monday, October 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Exelon in a research note on Wednesday, October 28th. Finally, Scotiabank cut their target price on shares of Exelon from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.33.

About Exelon

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.