Envestnet Portfolio Solutions Inc. Increases Stock Position in Exelon Corporation $EXC

Envestnet Portfolio Solutions Inc. raised its position in shares of Exelon Corporation (NASDAQ:EXC) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,671 shares of the company’s stock after buying an additional 1,250 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Exelon were worth $1,462,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its position in Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock valued at $8,911,000 after buying an additional 150,876 shares during the period. Arizona State Retirement System boosted its position in Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after buying an additional 10,176 shares during the period. Cerity Partners LLC boosted its position in Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after buying an additional 63,009 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in Exelon during the 1st quarter valued at $47,789,000. Finally, Intech Investment Management LLC boosted its position in Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after buying an additional 8,809 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXC. TD Cowen began coverage on shares of Exelon in a research report on Thursday. They issued a “hold” rating and a $49.00 target price for the company. UBS Group raised their target price on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Morgan Stanley dropped their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays raised their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group set a $57.00 target price on shares of Exelon in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

Exelon Trading Up 0.9%

Shares of NASDAQ EXC opened at $47.78 on Friday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The stock has a market cap of $48.26 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 2.94 and a beta of 0.40. The firm has a 50-day moving average of $44.63 and a 200 day moving average of $44.41. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period last year, the company posted $0.47 EPS. Exelon’s revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.