iA Global Asset Management Inc. Raises Holdings in Exelon Corporation $EXC

iA Global Asset Management Inc. boosted its position in Exelon Corporation (NASDAQ:EXC) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,311 shares of the company’s stock after acquiring an additional 18,039 shares during the period. iA Global Asset Management Inc.’s holdings in Exelon were worth $8,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXC. Hager Investment Management Services LLC lifted its stake in shares of Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Exelon in the 2nd quarter worth $29,000. Root Financial Partners LLC purchased a new position in Exelon in the 3rd quarter worth about $30,000. Steigerwald Gordon & Koch Inc. bought a new position in Exelon during the third quarter valued at approximately $32,000. Finally, Motco lifted its holdings in shares of Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after buying an additional 696 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC opened at $44.06 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The company’s fifty day moving average price is $44.37 and its 200-day moving average price is $44.73. The firm has a market capitalization of $44.51 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46. Exelon Corporation has a 1-year low of $38.85 and a 1-year high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on EXC. KeyCorp set a $39.00 price target on Exelon in a report on Friday, December 12th. UBS Group reduced their price target on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Morgan Stanley reaffirmed an “underperform” rating and issued a $51.00 price target on shares of Exelon in a report on Wednesday. Finally, TD Cowen began coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.54.

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.