Russell Investments Group Ltd. Buys 414,193 Shares of Exelon Corporation $EXC

Russell Investments Group Ltd. lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 20.2% in the third quarter, HoldingsChannel reports. The fund owned 2,460,545 shares of the company’s stock after acquiring an additional 414,193 shares during the period. Russell Investments Group Ltd.’s holdings in Exelon were worth $110,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. LRI Investments LLC increased its stake in Exelon by 210.8% in the 3rd quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after buying an additional 392 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Exelon during the second quarter valued at approximately $29,000. Root Financial Partners LLC bought a new position in shares of Exelon during the third quarter worth $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in Exelon in the 3rd quarter valued at $32,000. Finally, Motco boosted its holdings in shares of Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after purchasing an additional 696 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the subject of several research analyst reports. Mizuho raised their price target on Exelon from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. KeyCorp upped their price objective on Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Barclays lowered their target price on Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. BMO Capital Markets raised their target price on shares of Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group reduced their price target on shares of Exelon from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus target price of $50.50.

Exelon Trading Down 0.4%

Shares of EXC stock opened at $49.15 on Tuesday. The company has a market cap of $50.28 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.88 and a beta of 0.45. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $49.88. The stock’s 50 day simple moving average is $45.67 and its two-hundred day simple moving average is $45.30. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.84.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, February 12th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.4%. Exelon’s payout ratio is presently 61.54%.

About Exelon

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.