American Century Companies Inc. Buys 125,540 Shares of Exelon Corporation $EXC

American Century Companies Inc. lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 23.8% during the second quarter, Holdings Channel.com reports. The firm owned 652,601 shares of the company’s stock after buying an additional 125,540 shares during the period. American Century Companies Inc.’s holdings in Exelon were worth $28,336,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ProShare Advisors LLC lifted its holdings in Exelon by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock worth $72,637,000 after buying an additional 100,406 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Exelon during the first quarter worth $47,789,000. Intech Investment Management LLC lifted its stake in shares of Exelon by 24.6% during the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after acquiring an additional 8,809 shares during the period. Nordea Investment Management AB boosted its holdings in 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 during the last quarter. Finally, Empowered Funds LLC increased its position in Exelon by 26.2% in the first quarter. Empowered Funds LLC now owns 72,308 shares of the company’s stock worth $3,332,000 after purchasing an additional 15,019 shares during the period. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp boosted their price objective on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a report on Wednesday, October 15th. TD Cowen began coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price for the company. Finally, Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.45.

Exelon Stock Performance

Shares of Exelon stock opened at $47.36 on Monday. The stock’s fifty day simple moving average is $46.23 and its 200 day simple moving average is $44.55. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $47.85 billion, a PE ratio of 18.01, a PEG ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company 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. On average, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Exelon’s payout ratio is presently 57.35%.

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.