Robeco Institutional Asset Management B.V. Acquires 781,917 Shares of Exelon Corporation $EXC

by · The Cerbat Gem

Robeco Institutional Asset Management B.V. raised its stake in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,558,822 shares of the company’s stock after buying an additional 781,917 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.54% of Exelon worth $224,576,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Exelon in the 2nd quarter valued at about $5,583,709,000. Lazard Asset Management LLC grew its holdings in Exelon by 6.4% during the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock worth $1,206,887,000 after purchasing an additional 1,490,251 shares during the period. GQG Partners LLC acquired a new position in shares of Exelon during the 2nd quarter worth approximately $922,917,000. Legal & General Group Plc bought a new position in shares of Exelon in the second quarter valued at about $602,760,000. Finally, Bank of New York Mellon Corp bought a new position in Exelon in the 2nd quarter valued at about $580,842,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXC. JPMorgan Chase & Co. reduced their target price on shares of Exelon from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday. Barclays dropped their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday. Morgan Stanley cut their target price on Exelon from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Finally, KeyCorp raised shares of Exelon from an “underweight” rating to a “sector weight” rating in a research note on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.40.

Get Our Latest Analysis on Exelon

Exelon Stock Up 1.5%

Shares of NASDAQ:EXC opened at $43.03 on Wednesday. The business has a fifty day simple moving average of $42.92 and a 200 day simple moving average of $45.12. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The firm has a market cap of $44.42 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.32 and a beta of 0.30. Exelon Corporation has a 12-month low of $39.73 and a 12-month high of $50.65.

Exelon (NASDAQ:EXC – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $5.97 billion during 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 revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, September 4th. Exelon’s dividend payout ratio is presently 61.54%.

About Exelon

(Free Report)

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.

See Also