Exelon Corporation $EXC Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Exelon Corporation (NASDAQ:EXC) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,629,847 shares of the company’s stock after buying an additional 660,027 shares during the period. Franklin Resources Inc. owned approximately 0.66% of Exelon worth $287,862,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Exelon by 15.3% during the first quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $189,000 after purchasing an additional 544 shares during the last quarter. Choreo LLC grew its holdings in Exelon by 16.6% in the first quarter. Choreo LLC now owns 21,413 shares of the company’s stock valued at $987,000 after purchasing an additional 3,054 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Exelon by 48.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 9,344 shares of the company’s stock worth $431,000 after purchasing an additional 3,060 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Exelon by 4.7% in the 1st quarter. Pinnacle Associates Ltd. now owns 12,079 shares of the company’s stock valued at $557,000 after purchasing an additional 539 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Exelon by 11.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 51,418 shares of the company’s stock valued at $2,369,000 after purchasing an additional 5,130 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EXC shares. BTIG Research assumed coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. TD Cowen initiated coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Barclays boosted 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, October 14th. KeyCorp increased their price target on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.45.

Exelon Stock Up 0.7%

Shares of Exelon stock opened at $45.75 on Friday. The stock has a market capitalization of $46.22 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.93 and a beta of 0.44. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The business’s 50 day simple moving average is $45.90 and its 200-day simple moving average is $44.47.

Exelon (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Exelon Company Profile

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.