SCHEDULE 13G/A: BlackRock Discloses 9.0% Stake in Exelon Corporation

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 9.0% beneficial ownership stake in Exelon Corporation's common stock as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 90,688,822 shares of Exelon Corporation common stock.
• This represents 9.0% of Exelon's common stock outstanding.
• BlackRock holds sole voting power over 82,053,244 shares and sole dispositive power over 90,688,822 shares.
• The filing is an Amendment No. 15 to Schedule 13G, filed under Rule 13d-1(b).
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Exelon.
• Various BlackRock business units, including BlackRock Fund Managers Ltd, are involved in the beneficial ownership, with BlackRock Fund Managers Ltd specifically noted as beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective information that would indicate a strong positive or negative sentiment. It is neutral in tone.

Positives

• The continued significant beneficial ownership by a major institutional investor like BlackRock, Inc. (9.0% stake) may signal long-term confidence in Exelon Corporation.

Future Outlook

NA

Management Comments

• BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This Schedule 13G filing indicates BlackRock, Inc.'s continued significant passive investment in Exelon Corporation, a major player in the utility sector. Such filings are standard disclosures for large institutional investors holding over 5% of a company's shares, reflecting their portfolio management activities rather than active corporate governance intervention.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by BlackRock provides transparency regarding major ownership positions, which can influence investor perception and liquidity.

Key Dates

Keywords

Exelon Corporation, BlackRock Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Utility Sector, Investment Management