Exelon Corporation $EXC Shares Bought by Profund Advisors LLC

Profund Advisors LLC grew its stake in Exelon Corporation (NASDAQ:EXC) by 20.0% in the second quarter, Holdings Channel.com reports. The firm owned 125,851 shares of the company’s stock after acquiring an additional 20,976 shares during the quarter. Profund Advisors LLC’s holdings in Exelon were worth $5,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PFG Advisors acquired a new stake in shares of Exelon during the 2nd quarter worth approximately $240,000. Midwest Trust Co acquired a new position in shares of Exelon in the 2nd quarter valued at $2,467,000. Acadian Asset Management LLC grew its holdings in shares of Exelon by 13.8% during the 2nd quarter. Acadian Asset Management LLC now owns 382,601 shares of the company’s stock worth $16,608,000 after purchasing an additional 46,267 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Exelon by 3,869.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,895 shares of the company’s stock worth $22,791,000 after purchasing an additional 511,673 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Exelon by 7.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,027,953 shares of the company’s stock valued at $88,054,000 after acquiring an additional 136,831 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley raised their price target on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. BTIG Research initiated coverage on shares of Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a research report on Wednesday, October 15th. Finally, 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 note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.55.

Exelon Stock Up 1.1%

Shares of NASDAQ EXC opened at $46.21 on Monday. The stock has a market cap of $46.69 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. The business has a 50-day moving average price of $45.41 and a 200 day moving average price of $44.50. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio 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.