Cresset Asset Management LLC Lowers Stock Holdings in Exelon Corporation $EXC

Cresset Asset Management LLC lowered its stake in Exelon Corporation (NASDAQ:EXC) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,226 shares of the company’s stock after selling 25,753 shares during the period. Cresset Asset Management LLC’s holdings in Exelon were worth $12,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Exelon in the second quarter worth $589,122,000. ANTIPODES PARTNERS Ltd raised its position in shares of Exelon by 134,604.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock worth $160,137,000 after purchasing an additional 3,554,891 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Exelon by 164.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock worth $242,875,000 after purchasing an additional 3,476,942 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Exelon by 170.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after purchasing an additional 2,841,118 shares in the last quarter. Finally, State Street Corp grew its position in Exelon by 4.0% during the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after purchasing an additional 2,491,064 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.6%

Shares of NASDAQ:EXC opened at $49.25 on Thursday. Exelon Corporation has a 52-week low of $41.71 and a 52-week high of $49.88. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.85 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. The stock’s 50-day simple moving average is $45.35 and its two-hundred day simple moving average is $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is presently 61.54%.

Analyst Ratings Changes

EXC has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “underperform” rating and issued a $51.00 target price on shares of Exelon in a report on Wednesday, January 21st. Jefferies Financial Group decreased their price objective on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Wells Fargo & Company upped their price objective on Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. KeyCorp lifted their target price on Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $50.50.

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.