Norges Bank Acquires Shares of 14,176,961 Exelon Corporation $EXC

Norges Bank acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,176,961 shares of the company’s stock, valued at approximately $617,974,000.

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC lifted its stake in Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after buying an additional 392 shares in the last quarter. Optima Capital LLC purchased a new stake in Exelon during the fourth quarter valued at about $25,000. Beacon Financial Strategies CORP purchased a new stake in Exelon during the fourth quarter valued at about $26,000. Leonteq Securities AG purchased a new stake in Exelon during the fourth quarter valued at about $26,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Exelon by 289.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock valued at $34,000 after buying an additional 578 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXC has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Mizuho set a $48.00 price objective on shares of Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Truist Financial reduced their price objective on shares of Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday. Finally, Scotiabank upped their target price on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.27.

Exelon Price Performance

Shares of EXC opened at $45.64 on Monday. The company has a market capitalization of $46.70 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.64 and a beta of 0.31. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The business’s 50-day moving average is $46.75 and its 200-day moving average is $46.02.

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

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be issued a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend 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.