E Fund Management Co. Ltd. bought a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 39,498 shares of the company's stock, valued at approximately $1,841,000.
Other hedge funds have also recently modified their holdings of the company. Caxton Associates LLP purchased a new stake in shares of Exelon during the 1st quarter valued at about $286,000. Woodline Partners LP grew its position in Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company's stock worth $3,913,000 after acquiring an additional 24,580 shares in the last quarter. Jump Financial LLC bought a new stake in Exelon during the second quarter worth approximately $2,448,000. Gamco Investors INC. ET AL bought a new stake in Exelon during the second quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina raised its position in Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock valued at $20,502,000 after purchasing an additional 14,240 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.
Exelon Trading Down 0.0%
NASDAQ EXC opened at $45.30 on Thursday. The stock has a market cap of $46.76 billion, a PE ratio of 16.59, a PEG ratio of 2.74 and a beta of 0.31. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The company's 50-day moving average price is $46.31 and its 200-day moving average price is $46.70. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm 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 company 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. Equities research analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.
Exelon Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's dividend payout ratio (DPR) is presently 61.54%.
Analyst Ratings Changes
Several research firms have commented on EXC. TD Cowen dropped their price objective 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. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Truist Financial cut their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Finally, KeyCorp reduced their price objective on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $50.20.
Get Our Latest Stock Analysis on EXC
About Exelon
(
Free Report)
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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