Envestnet Portfolio Solutions Inc. Acquires 24,885 Shares of Exelon Corporation $EXC

Key Points

• Envestnet Portfolio Solutions increased its Exelon stake by 8.8% in the second quarter, adding 24,885 shares to hold 308,405 shares valued at approximately $14.4 million. Institutional investors and hedge funds collectively own 80.92% of Exelon.
• Analysts have generally turned more cautious, with several firms lowering their price targets. Exelon carries a consensus “Hold” rating and an average target price of $49.81.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but earnings of $0.43 per share fell short of estimates. The company also maintains a quarterly dividend of $0.42 per share, yielding about 4.1% annually.

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 308,405 shares of the company's stock after acquiring an additional 24,885 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Exelon were worth $14,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Resonant Capital Advisors LLC raised its position in shares of Exelon by 2.4% in the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company's stock valued at $460,000 after purchasing an additional 217 shares during the period. PFG Investments LLC grew its stake in Exelon by 1.6% in the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company's stock valued at $698,000 after buying an additional 218 shares during the last quarter. Texas Bank & Trust Co grew its stake in Exelon by 1.5% in the 1st quarter. Texas Bank & Trust Co now owns 15,410 shares of the company's stock valued at $755,000 after buying an additional 229 shares during the last quarter. Westfuller Advisors LLC raised 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 acquiring an additional 232 shares during the period. Finally, Tidal Investments LLC lifted its position in Exelon by 0.3% during the second quarter. Tidal Investments LLC now owns 70,360 shares of the company's stock worth $3,280,000 after acquiring an additional 243 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXC. Argus reduced their price objective on Exelon from $52.00 to $49.00 and set a "buy" rating for the company in a report on Tuesday. Truist Financial decreased their price objective on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Weiss Ratings cut Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Finally, Morgan Stanley dropped their target price on Exelon from $53.00 to $50.00 and set an "equal weight" rating for the company in a report on Friday, September 18th. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $49.81.

Exelon Stock Performance

NASDAQ:EXC opened at $40.69 on Thursday. The company has a market cap of $42.00 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.29 and a beta of 0.30. Exelon Corporation has a fifty-two week low of $40.62 and a fifty-two 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. The stock has a fifty day moving average price of $44.67 and a 200-day moving average price of $46.08.

Exelon (NASDAQ:EXC - Get Free Report) last posted 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 company had revenue of $5.97 billion during 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 firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 4th. Exelon's dividend payout ratio is 61.54%.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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