Amundi Boosts Holdings in Exelon Corporation $EXC

Key Points

• Amundi increased its Exelon stake by 1.3% in the second quarter, bringing its holdings to 10.5 million shares worth approximately $489.8 million. Institutional investors collectively own 80.92% of EXC.
• Analyst sentiment remains cautious: Exelon has a consensus “Hold” rating, with an average price target of $50.07. Several firms recently lowered their price targets, while the stock opened at $43.64.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but EPS of $0.43 slightly missed estimates. The company declared a quarterly dividend of $0.42, representing a 3.8% yield.

Amundi boosted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,506,650 shares of the company's stock after purchasing an additional 130,712 shares during the quarter. Amundi owned approximately 1.02% of Exelon worth $489,809,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EXC. Resonant Capital Advisors LLC grew its position in shares of Exelon by 2.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company's stock worth $460,000 after purchasing an additional 217 shares in the last quarter. PFG Investments LLC increased its position in shares of Exelon by 1.6% in the first quarter. PFG Investments LLC now owns 14,242 shares of the company's stock worth $698,000 after purchasing an additional 218 shares during the period. Texas Bank & Trust Co grew its stake in Exelon by 1.5% during the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company's stock worth $755,000 after buying an additional 229 shares in the last quarter. Westfuller Advisors LLC increased its holdings in Exelon by 12.5% in the 1st quarter. Westfuller Advisors LLC now owns 2,091 shares of the company's stock valued at $103,000 after buying an additional 232 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in Exelon by 0.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 82,907 shares of the company's stock valued at $3,614,000 after buying an additional 242 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXC has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. TD Cowen lowered their price objective on shares of Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, May 15th. KeyCorp cut their target price on Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research note on Wednesday, May 13th. Finally, Truist Financial reduced their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $50.07.

Exelon Price Performance

Shares of EXC opened at $43.64 on Tuesday. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. The business has a 50-day simple moving average of $45.73 and a two-hundred day simple moving average of $46.58. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The stock has a market cap of $45.05 billion, a PE ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.30.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 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 analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon's payout ratio is 61.54%.

Exelon 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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.