Empowered Funds LLC Acquires Shares of 413,894 Exelon Corporation $EXC

Key Points

• Empowered Funds LLC acquired 413,894 Exelon shares during the second quarter, valued at approximately $19.3 million. Institutional investors and hedge funds collectively own 80.92% of Exelon.
• Analysts maintain a predominantly cautious outlook, with Exelon receiving an average “Hold” rating and a consensus price target of $50.07 after several firms lowered their targets.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, although earnings of $0.43 per share slightly missed estimates. The company declared a quarterly dividend of $0.42 per share, representing a 3.8% annualized yield.

Empowered Funds LLC bought a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 413,894 shares of the company's stock, valued at approximately $19,296,000.

Other large investors also recently modified their holdings of the company. Resonant Capital Advisors LLC raised its position in shares of Exelon by 2.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company's stock valued at $460,000 after buying an additional 217 shares in the last quarter. PFG Investments LLC boosted its position in shares of Exelon by 1.6% during the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company's stock worth $698,000 after acquiring an additional 218 shares in the last quarter. Texas Bank & Trust Co boosted its position in shares of Exelon by 1.5% during the 1st quarter. Texas Bank & Trust Co now owns 15,410 shares of the company's stock worth $755,000 after acquiring an additional 229 shares in the last quarter. Westfuller Advisors LLC increased its stake in Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company's stock valued at $103,000 after acquiring an additional 232 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in Exelon by 0.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 82,907 shares of the company's stock valued at $3,614,000 after acquiring an additional 242 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Exelon Trading Down 0.1%

Shares of NASDAQ EXC opened at $43.93 on Friday. The firm has a 50 day moving average price of $46.08 and a two-hundred day moving average price of $46.69. The stock has a market cap of $45.35 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the firm posted $0.39 EPS. Exelon's revenue for the quarter was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon's payout ratio is presently 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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