DNB Asset Management AS Buys 39,602 Shares of Exelon Corporation $EXC

DNB Asset Management AS lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,023 shares of the company’s stock after purchasing an additional 39,602 shares during the quarter. DNB Asset Management AS’s holdings in Exelon were worth $22,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after purchasing an additional 595,555 shares in the last quarter. Lazard Asset Management LLC boosted its position 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 purchasing an additional 5,554,494 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after purchasing an additional 393,917 shares in the last quarter. Invesco Ltd. boosted its position in shares of Exelon by 5.6% during the 3rd quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock worth $704,825,000 after purchasing an additional 833,171 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Exelon by 5.1% during the 3rd quarter. Northern Trust Corp now owns 14,030,184 shares of the company’s stock worth $631,499,000 after purchasing an additional 681,371 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 2.3%

NASDAQ:EXC opened at $43.38 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The firm has a market cap of $44.39 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.32. Exelon Corporation has a 52 week low of $42.11 and a 52 week high of $50.65. The firm has a 50-day moving average price of $47.54 and a two-hundred day moving average price of $46.10.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS 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 analyst estimates of $6.93 billion. During the same quarter last year, the business posted $0.92 EPS. The company’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. On average, equities analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. Royal Bank Of Canada cut their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. Morgan Stanley cut their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $50.33.

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.