DAVENPORT & Co LLC Purchases 12,212 Shares of Exelon Corporation $EXC

DAVENPORT & Co LLC increased its position in Exelon Corporation (NASDAQ:EXC) by 178.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,074 shares of the company’s stock after purchasing an additional 12,212 shares during the period. DAVENPORT & Co LLC’s holdings in Exelon were worth $831,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LLP purchased a new position in Exelon during the first quarter valued at $286,000. Woodline Partners LP grew its position in shares of Exelon by 40.7% in the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after buying an additional 24,580 shares during the period. American Century Companies Inc. grew its position in shares of Exelon by 23.8% in the 2nd quarter. American Century Companies Inc. now owns 652,601 shares of the company’s stock worth $28,336,000 after buying an additional 125,540 shares during the period. CreativeOne Wealth LLC increased its stake in shares of Exelon by 18.2% in the 2nd quarter. CreativeOne Wealth LLC now owns 7,335 shares of the company’s stock worth $319,000 after acquiring an additional 1,129 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Exelon in the 2nd quarter worth about $364,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Jefferies Financial Group decreased their target price on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Morgan Stanley reiterated an “underperform” rating and set a $51.00 target price on shares of Exelon in a report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.40.

Exelon Price Performance

EXC opened at $49.11 on Tuesday. The firm has a market cap of $50.25 billion, a PE ratio of 17.99, a P/E/G ratio of 2.81 and a beta of 0.45. The stock has a 50-day moving average price of $47.14 and a 200-day moving average price of $45.81. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.84.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.42 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s dividend payout ratio is currently 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.