Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Position in Exelon Corporation $EXC

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,639,618 shares of the company’s stock, valued at approximately $123,059,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.26% of Exelon as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. OneDigital Investment Advisors LLC acquired a new position in Exelon in the 2nd quarter valued at $421,000. Plato Investment Management Ltd acquired a new stake in shares of Exelon during the second quarter worth $1,410,000. Simplicity Wealth LLC acquired a new stake in shares of Exelon during the second quarter worth $333,000. Trivium Point Advisory LLC purchased a new stake in shares of Exelon in the second quarter valued at $589,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Exelon in the second quarter valued at $159,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 0.6%

Shares of EXC opened at $45.31 on Wednesday. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The firm has a market capitalization of $46.77 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31. 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 stock’s fifty day simple moving average is $46.32 and its 200 day simple moving average is $46.70.

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

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EXC shares. Wells Fargo & Company set a $50.00 target price on Exelon in a research report on Tuesday, April 21st. KeyCorp dropped their price objective 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. Truist Financial cut their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. TD Cowen decreased their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $50.20.

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.