Panagora Asset Management Inc. Increases Position in Exelon Corporation $EXC

Panagora Asset Management Inc. raised its holdings in Exelon Corporation (NASDAQ:EXC) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,686,978 shares of the company’s stock after acquiring an additional 482,957 shares during the period. Panagora Asset Management Inc. owned approximately 0.36% of Exelon worth $160,715,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Capital International Investors purchased a new position in Exelon during the fourth quarter worth approximately $738,333,000. Norges Bank acquired a new stake in shares of Exelon in the 4th quarter worth $617,974,000. Capital World Investors increased its stake in shares of Exelon by 807.4% in the 4th quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock worth $440,284,000 after acquiring an additional 8,987,453 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after acquiring an additional 5,554,494 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its position in shares of Exelon by 134,604.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock valued at $160,137,000 after acquiring an additional 3,554,891 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. UBS Group upped their price objective on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Citigroup initiated coverage on Exelon in a research report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective for the company. Truist Financial cut their target price on Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Morgan Stanley reduced their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $50.27.

Exelon Price Performance

Exelon stock opened at $46.21 on Monday. The company’s 50 day simple moving average is $46.20 and its 200-day simple moving average is $45.98. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a 1 year low of $42.18 and a 1 year high of $50.65. The company has a market capitalization of $47.28 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, June 4th. Exelon’s payout ratio is currently 61.54%.

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.