Mitsubishi UFJ Asset Management Co. Ltd. Buys New Stake in Exelon Corporation $EXC

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,639,618 shares of the company’s stock, valued at approximately $123,059,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC grew its position in Exelon by 2.4% in the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock valued at $460,000 after acquiring an additional 217 shares in the last quarter. PFG Investments LLC lifted its position in shares of Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock worth $698,000 after purchasing an additional 218 shares in the last quarter. Texas Bank & Trust Co lifted its position in shares of Exelon by 1.5% during the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock worth $755,000 after purchasing an additional 229 shares in the last quarter. Westfuller Advisors LLC boosted its stake in shares of Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after purchasing an additional 232 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock valued at $376,000 after purchasing an additional 233 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Down 0.6%

EXC stock opened at $45.31 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a 50 day simple moving average of $46.32 and a 200-day simple moving average of $46.70. The company has a market capitalization of $46.77 billion, a P/E ratio of 16.60, a PEG ratio of 2.77 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXC. KeyCorp dropped their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley decreased their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. TD Cowen lowered their target price on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Truist Financial dropped their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $50.20.

Exelon 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.