28,363 Shares in Exelon Corporation $EXC Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,363 shares of the company’s stock, valued at approximately $1,277,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC raised its holdings in Exelon by 1.1% during the 3rd quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock valued at $923,000 after buying an additional 215 shares during the period. Manchester Capital Management LLC raised its stake in shares of Exelon by 11.6% in the second quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after acquiring an additional 225 shares during the period. Empirical Finance LLC lifted its holdings in shares of Exelon by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after acquiring an additional 226 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Exelon by 4.8% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after acquiring an additional 229 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Exelon by 5.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 4,965 shares of the company’s stock worth $223,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.2%

Exelon stock opened at $44.06 on Friday. Exelon Corporation has a 52 week low of $38.85 and a 52 week high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The business’s 50-day moving average price is $44.37 and its 200 day moving average price is $44.74. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, November 10th. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

Analyst Ratings Changes

Several brokerages have issued reports on EXC. TD Cowen started coverage on Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price for the company. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. Wells Fargo & Company cut their price objective on Exelon from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday. Jefferies Financial Group set a $57.00 target price on Exelon in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.54.

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.