Equitable Holdings Inc. Invests $946,000 in Exelon Corporation $EXC

Equitable Holdings Inc. acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, Holdings Channel reports. The fund acquired 20,289 shares of the company’s stock, valued at approximately $946,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. ASR Vermogensbeheer N.V. lifted its position in Exelon by 28.4% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after acquiring an additional 60,250 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after purchasing an additional 289,436 shares during the last quarter. Ethic Inc. increased its holdings in shares of Exelon by 7.6% in the 4th quarter. Ethic Inc. now owns 334,268 shares of the company’s stock worth $14,571,000 after purchasing an additional 23,567 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in shares of Exelon in the 4th quarter worth $2,021,000. Finally, Principal Financial Group Inc. raised its stake in shares of Exelon by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,237,676 shares of the company’s stock worth $53,950,000 after purchasing an additional 37,672 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXC. Truist Financial lowered their price target on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. TD Cowen reduced their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp lowered their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Finally, Morgan Stanley dropped their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.07.

Exelon Stock Performance

EXC stock opened at $43.93 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The company has a market cap of $45.35 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31. The stock’s fifty day moving average price is $46.08 and its 200-day moving average price is $46.69.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.

About Exelon

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.