AXQ Capital LP Acquires Shares of 28,841 Exelon Corporation $EXC

Key Points

• AXQ Capital acquired 28,841 Exelon shares worth approximately $1.345 million in the second quarter. Institutional investors collectively own 80.92% of Exelon, with BlackRock and other major funds also building or initiating positions.
• Analysts remain cautious: Exelon has a consensus “Hold” rating, with an average price target of $50.07 after several firms lowered their targets.
• Exelon shares opened at $43.64, near their one-year low, after the company narrowly missed quarterly EPS expectations despite 10% year-over-year revenue growth. The company declared a quarterly dividend of $0.42 per share, representing a 3.8% annualized yield.

AXQ Capital LP acquired a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,841 shares of the company's stock, valued at approximately $1,345,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. BlackRock Inc. bought a new stake in shares of Exelon in the 2nd quarter worth approximately $5,583,709,000. State Street Corp grew its position in shares of Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company's stock valued at $2,904,101,000 after purchasing an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC grew its position in Exelon by 6.4% during the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock worth $1,206,887,000 after buying an additional 1,490,251 shares in the last quarter. Deutsche Bank AG increased its position in shares of Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company's stock worth $913,853,000 after purchasing an additional 595,655 shares during the last quarter. Finally, GQG Partners LLC bought a new position in shares of Exelon in the 2nd quarter worth $922,917,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

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

Exelon Stock Down 2.0%

Shares of EXC stock opened at $43.64 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The company's fifty day moving average price is $45.80 and its 200-day moving average price is $46.63. The company has a market capitalization of $45.05 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.30. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65.

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 the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal 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 paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon's dividend payout ratio is currently 61.54%.

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.

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