Franklin Resources Cuts Stake in Exelon Corporation

Asset manager reduces position in energy company by 10.4% in Q3

Mar. 13, 2026 at 8:20am

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Franklin Resources Inc., an investment management firm, decreased its stake in Exelon Corporation (NASDAQ:EXC) by 10.4% during the third quarter of 2025, according to a filing with the Securities and Exchange Commission. The institutional investor now owns approximately 5.9 million shares of the energy company's stock, valued at $267 million.

Why it matters

Exelon is one of the largest utility companies in the United States, providing electricity and natural gas services to customers across several states. Changes in major institutional investors' positions in the company can signal shifts in market sentiment and influence the stock's performance.

The details

According to the filing, Franklin Resources sold 691,931 shares of Exelon during the third quarter, reducing its total position to 5,937,916 shares. The asset manager now owns approximately 0.59% of Exelon's outstanding stock. The move comes as Exelon's share price has fluctuated in recent quarters, with the stock trading between $41.71 and $49.88 over the past 52 weeks.

  • Franklin Resources filed the 13F report disclosing the position change on March 13, 2026.
  • The position change occurred during the third quarter of 2025.

The players

Franklin Resources Inc.

An American multinational holding company that provides investment management and related services.

Exelon Corporation

A utility company that generates and distributes electricity and natural gas, serving customers in Illinois, Pennsylvania, and other states.

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The takeaway

The reduction in Franklin Resources' stake in Exelon reflects the ongoing shifts in institutional investor sentiment towards the utility sector. As a major player, changes in Franklin's position can influence the stock's performance and signal broader trends in the energy industry.