Exelon Corporation $EXC Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Exelon Corporation (NASDAQ:EXC) by 30.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 491,478 shares of the company’s stock after buying an additional 113,552 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Exelon were worth $22,121,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EXC. Caxton Associates LLP acquired a new position in Exelon in the first quarter worth $286,000. Woodline Partners LP raised its holdings in shares of Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares during the period. Sound Income Strategies LLC lifted its position in shares of Exelon by 213.7% in the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after buying an additional 810 shares during the last quarter. GC Wealth Management RIA LLC acquired a new position in shares of Exelon in the 2nd quarter valued at about $322,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Exelon by 8.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 160,352 shares of the company’s stock valued at $6,963,000 after buying an additional 12,883 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXC. Royal Bank Of Canada initiated coverage on shares of Exelon in a report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price on the stock. TD Cowen initiated coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target on the stock. Wells Fargo & Company lowered their price objective on Exelon from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. JPMorgan Chase & Co. cut their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, KeyCorp set a $39.00 price target on shares of Exelon in a research report on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.38.

Exelon Trading Down 0.8%

NASDAQ:EXC opened at $44.41 on Friday. The stock has a market cap of $44.87 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.62 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a 1 year low of $39.67 and a 1 year high of $48.51. The business has a fifty day moving average of $44.26 and a 200-day moving average of $44.76.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

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.