Exelon Corporation $EXC Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,966,320 shares of the company’s stock after acquiring an additional 112,199 shares during the quarter. Exelon accounts for about 4.3% of RWC Asset Management LLP’s holdings, making the stock its 3rd largest position. RWC Asset Management LLP owned approximately 0.19% of Exelon worth $88,504,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Exelon by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock valued at $5,644,255,000 after purchasing an additional 2,075,014 shares during the period. State Street Corp grew its holdings in shares of Exelon by 4.0% during the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after buying an additional 2,491,064 shares in the last quarter. Geode Capital Management LLC raised its position in Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after buying an additional 931,897 shares during the period. Invesco Ltd. lifted its stake in Exelon by 7.4% in the 2nd quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after acquiring an additional 1,023,874 shares in the last quarter. Finally, Norges Bank acquired a new stake in Exelon during the 2nd quarter worth about $589,122,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Evercore ISI began coverage on shares of Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. Morgan Stanley reissued an “underperform” rating and set a $52.00 target price on shares of Exelon in a research note on Thursday, November 20th. UBS Group dropped their price target on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group set a $57.00 price objective on Exelon in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.85.

Exelon Trading Down 0.9%

Shares of NASDAQ:EXC opened at $42.90 on Tuesday. Exelon Corporation has a 1 year low of $37.13 and a 1 year high of $48.51. The firm has a fifty day moving average price of $44.64 and a 200 day moving average price of $44.67. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $43.34 billion, a PE ratio of 15.38, a P/E/G ratio of 2.54 and a beta of 0.46.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results 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 company had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, November 10th. Exelon’s payout ratio is presently 57.35%.

Exelon Company 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.