Invesco Ltd. Acquires 1,023,874 Shares of Exelon Corporation $EXC

Invesco Ltd. grew its holdings in Exelon Corporation (NASDAQ:EXC) by 7.4% in the 2nd quarter, Holdings Channel reports. The fund owned 14,826,137 shares of the company’s stock after purchasing an additional 1,023,874 shares during the quarter. Invesco Ltd.’s holdings in Exelon were worth $643,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Exelon by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after purchasing an additional 931,897 shares during the period. Deutsche Bank AG raised its position in shares of 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 last quarter. Norges Bank acquired a new position in shares of Exelon during the second quarter valued at about $589,122,000. Finally, Northern Trust Corp lifted its stake in shares of Exelon by 11.8% in the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock valued at $577,470,000 after buying an additional 1,319,637 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 1.0%

EXC stock opened at $44.54 on Thursday. The business has a fifty day moving average price of $46.30 and a 200 day moving average price of $44.57. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51. The stock has a market capitalization of $45.00 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.81 and a beta of 0.45.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is 57.35%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several research reports. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Barclays boosted their price objective on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. BTIG Research started coverage on Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. Finally, Morgan Stanley reiterated an “underperform” rating and set a $52.00 price target on shares of Exelon in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.45.

Exelon Profile

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.