Exelon Corporation $EXC Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of Exelon Corporation (NASDAQ:EXC) by 26.2% during the fourth quarter, HoldingsChannel reports. The firm owned 292,065 shares of the company’s stock after selling 103,893 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Exelon were worth $12,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Exelon by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 130,522,986 shares of the company’s stock valued at $5,874,840,000 after buying an additional 530,935 shares during the last quarter. State Street Corp lifted its stake in shares of Exelon by 4.0% in the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after acquiring an additional 2,491,064 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Exelon by 32.9% in the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after purchasing an additional 5,554,494 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Exelon by 2.2% in the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after purchasing an additional 393,917 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Exelon by 5.6% during the 3rd quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock valued at $704,825,000 after purchasing an additional 833,171 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXC shares. Barclays dropped their price objective on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. KeyCorp raised their price target on shares of Exelon from $39.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 4th. BMO Capital Markets lifted their price target on shares of Exelon from $51.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday. Wolfe Research cut shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.47.

Exelon Stock Performance

Shares of EXC opened at $49.33 on Friday. The firm has a fifty day moving average of $47.50 and a 200-day moving average of $45.96. The company has a market cap of $50.47 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 2.87 and a beta of 0.41. 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 1 year low of $41.71 and a 1 year high of $50.65.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts anticipate 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. Investors of record on Monday, March 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, March 2nd. This is an increase from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is presently 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.