Citizens Financial Group Inc. RI Makes New $1.17 Million Investment in Exelon Corporation $EXC

Key Points

• Citizens Financial Group acquired 25,047 Exelon shares worth approximately $1.17 million in the second quarter. Institutional investors collectively own 80.92% of Exelon.
• Analysts remain cautious, with Exelon holding a consensus “Hold” rating and an average price target of $50.20. Recent analysts lowered several targets, while the stock opened at $45.31.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but narrowly missed earnings expectations with EPS of $0.43 versus $0.44 projected. The company declared a quarterly dividend of $0.42 per share, representing a 3.7% annualized yield.

Citizens Financial Group Inc. RI acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,047 shares of the company's stock, valued at approximately $1,168,000.

A number of other hedge funds have also recently modified their holdings of EXC. Caxton Associates LLP purchased a new position in Exelon in the first quarter worth about $286,000. Woodline Partners LP grew its holdings in shares of Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company's stock valued at $3,913,000 after buying an additional 24,580 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Exelon during the second quarter valued at approximately $2,448,000. Gamco Investors INC. ET AL bought a new stake in shares of Exelon during the second quarter valued at approximately $645,000. Finally, Treasurer of the State of North Carolina raised its holdings in Exelon by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock worth $20,502,000 after acquiring an additional 14,240 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. TD Cowen cut their target price on Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a research note on Friday, May 15th. Wells Fargo & Company set a $50.00 price target on Exelon in a report on Tuesday, April 21st. KeyCorp dropped their price objective on Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 13th. Truist Financial reduced their price objective on Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of "Hold" and a consensus price target of $50.20.

Exelon Stock Down 0.6%

Exelon stock opened at $45.31 on Wednesday. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The stock has a fifty day moving average of $46.32 and a 200 day moving average of $46.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The stock has a market cap of $46.77 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company's revenue for the quarter was up 10.0% on a year-over-year basis. 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. As a group, sell-side analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon's payout ratio is 61.54%.

About Exelon

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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