Mediolanum International Funds Ltd Purchases New Holdings in Exelon Corporation $EXC

Mediolanum International Funds Ltd acquired a new position in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 45,769 shares of the company’s stock, valued at approximately $1,964,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of 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 last quarter. Geode Capital Management LLC grew 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. Deutsche Bank AG grew its position in Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after buying an additional 1,988,212 shares during the period. Invesco Ltd. increased its holdings in Exelon by 0.6% during the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after buying an additional 83,518 shares during the last quarter. Finally, Northern Trust Corp raised its position in Exelon by 11.8% in the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after acquiring an additional 1,319,637 shares during the period. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price target on shares of Exelon in a research report on Thursday. Finally, Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.45.

Exelon Stock Up 0.7%

Exelon stock opened at $45.75 on Monday. The firm has a 50 day simple moving average of $45.90 and a 200 day simple moving average of $44.46. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The firm has a market capitalization of $46.22 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 2.93 and a beta of 0.44.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 of this dividend is Monday, November 10th. Exelon’s payout ratio is presently 57.35%.

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.