Guggenheim Capital LLC Increases Stock Holdings in Exelon Corporation $EXC

Guggenheim Capital LLC boosted its position in shares of Exelon Corporation (NASDAQ:EXC) by 15.5% during the second quarter, Holdings Channel.com reports. The firm owned 394,447 shares of the company’s stock after buying an additional 52,940 shares during the quarter. Guggenheim Capital LLC’s holdings in Exelon were worth $17,127,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EXC. ProShare Advisors LLC grew its holdings in shares of Exelon by 6.4% in the second quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock valued at $72,637,000 after purchasing an additional 100,406 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Exelon in the 1st quarter valued at approximately $47,789,000. Intech Investment Management LLC grew its stake in shares of Exelon by 24.6% in the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock worth $2,054,000 after acquiring an additional 8,809 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Exelon by 16.4% during the second quarter. Prudential Financial Inc. now owns 761,424 shares of the company’s stock worth $33,061,000 after acquiring an additional 107,475 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Exelon by 11.7% in the second quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock valued at $298,669,000 after acquiring an additional 724,957 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC opened at $43.91 on Friday. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 2.74 and a beta of 0.45. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $46.30 and a 200 day moving average price of $44.57.

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

Exelon Dividend Announcement

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

Analyst Upgrades and Downgrades

EXC has been the topic of several recent research reports. Evercore ISI started coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price target on the stock. TD Cowen assumed coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. UBS Group boosted their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.45.

About Exelon

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.