Exelon Corporation $EXC Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in Exelon Corporation (NASDAQ:EXC) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 501,675 shares of the company’s stock after selling 156,499 shares during the period. Assenagon Asset Management S.A.’s holdings in Exelon were worth $21,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Nordea Investment Management AB increased its holdings in Exelon by 14.6% in the fourth quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock valued at $352,397,000 after buying an additional 1,024,106 shares during the last quarter. Procyon Advisors LLC lifted its holdings in Exelon by 8.1% during the 4th quarter. Procyon Advisors LLC now owns 4,944 shares of the company’s stock worth $215,000 after buying an additional 369 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Exelon by 5.3% during the 4th quarter. CWA Asset Management Group LLC now owns 60,937 shares of the company’s stock worth $2,656,000 after acquiring an additional 3,051 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Exelon during the 4th quarter worth about $109,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Exelon by 8.7% in the 4th quarter. Park Avenue Securities LLC now owns 57,040 shares of the company’s stock valued at $2,486,000 after acquiring an additional 4,568 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank raised their target price on Exelon from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. UBS Group upped their price target on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. KeyCorp raised their price objective on shares of Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Royal Bank Of Canada started coverage on shares of Exelon in a research report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.40.

Exelon Stock Up 1.5%

Exelon stock opened at $48.40 on Friday. The company has a market capitalization of $49.52 billion, a P/E ratio of 17.73, a PEG ratio of 2.77 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. Exelon Corporation has a fifty-two week low of $41.71 and a fifty-two week high of $50.65. The stock has a 50-day simple moving average of $46.99 and a 200-day simple moving average of $45.70.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. Exelon’s payout ratio 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.