Meeder Advisory Services Inc. Invests $1.13 Million in Exelon Corporation $EXC

Meeder Advisory Services Inc. purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 24,227 shares of the company’s stock, valued at approximately $1,129,000.

A number of other institutional investors and hedge funds have also modified their holdings of EXC. ASR Vermogensbeheer N.V. lifted its position in shares of Exelon by 28.4% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after purchasing an additional 60,250 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Exelon by 26.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after acquiring an additional 45,723 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Exelon by 133.9% in the second quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after acquiring an additional 289,436 shares during the period. Ethic Inc. grew its stake in shares of Exelon by 7.6% in the fourth quarter. Ethic Inc. now owns 334,268 shares of the company’s stock worth $14,571,000 after acquiring an additional 23,567 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Exelon by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,237,676 shares of the company’s stock worth $53,950,000 after acquiring an additional 37,672 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. KeyCorp cut their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. TD Cowen dropped their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Finally, Truist Financial cut their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.20.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $45.30 on Thursday. The business has a fifty day simple moving average of $46.31 and a 200 day simple moving average of $46.70. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.74 and a beta of 0.31. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon’s payout ratio is 61.54%.

Exelon Company Profile

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.