104,125 Exelon Corporation $EXC Shares Bought by Howard Capital Management LLC

Key Points

• Howard Capital Management increased its Exelon stake by 149.6%, buying 104,125 additional shares to own 173,727 shares valued at approximately $7.0 million. Institutional investors collectively hold 80.92% of Exelon.
• Analyst sentiment remains largely cautious: Exelon has an average “Hold” rating and an average price target of $49.20, while recent target cuts from Morgan Stanley and Truist offset KeyCorp’s upgrade to Sector Weight.
• Exelon shares recently rose 2.4% to $43.50. The company reported year-over-year revenue growth but narrowly missed quarterly EPS estimates, while maintaining a $0.42 quarterly dividend, equivalent to a 3.9% yield.

Howard Capital Management LLC increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 149.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,727 shares of the company's stock after acquiring an additional 104,125 shares during the period. Howard Capital Management LLC's holdings in Exelon were worth $7,019,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Exelon by 133.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company's stock worth $23,569,000 after purchasing an additional 289,436 shares in the last quarter. Amundi increased its position in shares of Exelon by 1.3% during the 2nd quarter. Amundi now owns 10,506,650 shares of the company's stock valued at $489,809,000 after purchasing an additional 130,712 shares during the last quarter. AXQ Capital LP bought a new position in shares of Exelon during the 2nd quarter valued at about $1,345,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Exelon by 8.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 308,405 shares of the company's stock valued at $14,378,000 after buying an additional 24,885 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Exelon by 329.3% during the 2nd quarter. Waverly Advisors LLC now owns 102,569 shares of the company's stock valued at $4,782,000 after buying an additional 78,678 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXC. KeyCorp upgraded Exelon from an "underweight" rating to a "sector weight" rating in a research report 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. Truist Financial reduced their price target on shares of Exelon from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Friday. Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research note on Tuesday, October 6th. Finally, Argus decreased their price target on shares of Exelon from $52.00 to $49.00 and set a "buy" rating on the stock in a research note on Tuesday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and an average target price of $49.20.

Exelon Trading Up 2.4%

Shares of EXC traded up $1.02 during trading hours on Friday, hitting $43.50. The company had a trading volume of 6,758,995 shares, compared to its average volume of 8,284,634. The firm has a market cap of $44.90 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.32 and a beta of 0.30. The stock's 50 day moving average price is $42.99 and its 200 day moving average price is $45.23. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 52-week low of $39.73 and a 52-week high of $50.65.

Exelon (NASDAQ:EXC - Get Free Report) last released its 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 net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the firm posted $0.39 EPS. The company's revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

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

Exelon News Roundup

Here are the key news stories impacting Exelon this week:

• Positive Sentiment: KeyBanc upgraded Exelon (EXC) from Underweight to Sector Weight, removing a bearish stance and potentially improving sentiment toward the regulated utility. KeyBanc upgrades Exelon to sector weight from underweight
• Positive Sentiment: Commentary on data-center-driven electricity demand argues that a reassessment of grid investment and power needs could strengthen Exelon’s longer-term growth outlook. Battery-storage projects and grid modernization also provide potential strategic support. The Bull Case For Exelon Could Change Following A Data Center-Driven Grid Rethink
• Neutral Sentiment: KeyBanc assigned a $41 price target alongside its upgrade, below the reference price of $43.50, suggesting the change mainly reflects reduced downside risk rather than strong expected appreciation. KeyBanc sets USD 41.00 target for Exelon stock after upgrade
• Neutral Sentiment: Scotiabank reiterated its Hold rating, indicating no major change in its view of Exelon’s valuation or outlook. Scotiabank reaffirms Hold rating on Exelon
• Neutral Sentiment: Exelon’s operating companies called for an “all-hands-on-deck” approach to electricity supply, highlighting the need for coordinated grid and supply-chain planning as demand grows. The statement is strategically relevant but does not announce a near-term financial impact. Exelon companies call for all-hands-on-deck supply approach
• Negative Sentiment: Truist cut its price target from $48 to $46 and maintained a Hold rating, signaling more limited upside expectations. Truist lowers Exelon price target
• Negative Sentiment: Goldman Sachs maintained its Sell rating, reinforcing the downside view from a major analyst and offsetting KeyBanc’s upgrade. Goldman Sachs sticks to Sell rating for Exelon

Exelon Profile

Exelon Corporation NASDAQ: EXC is a regulated utility holding company focused on the transmission and distribution of electricity and the delivery of natural gas. Through its operating companies, Exelon provides energy delivery, infrastructure, grid modernization, reliability, and related customer services rather than operating a competitive power-generation business.

Exelon's six principal utilities are Commonwealth Edison (ComEd) in Illinois; PECO in Pennsylvania; Baltimore Gas and Electric (BGE) in Maryland; Delmarva Power in Delaware and Maryland; Atlantic City Electric in New Jersey; and Pepco in Washington, DC, and Maryland.

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