Exelon Corporation $EXC Stake Increased by Waverly Advisors LLC

Key Points

• Waverly Advisors increased its Exelon stake by 329.3% in the second quarter, ending with 102,569 shares valued at approximately $4.8 million. Institutional investors and hedge funds collectively own 80.92% of EXC.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $50.07. Several firms recently lowered their price targets, while the stock opened at $43.39 and remains near its 52-week low.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but EPS of $0.43 narrowly missed estimates. The company declared a quarterly dividend of $0.42 per share, implying a 3.9% annualized yield.

Waverly Advisors LLC raised its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 329.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,569 shares of the company's stock after acquiring an additional 78,678 shares during the quarter. Waverly Advisors LLC's holdings in Exelon were worth $4,782,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Exelon in the second quarter worth about $5,583,709,000. California State Teachers Retirement System raised its stake in Exelon by 5,978.6% during the second quarter. California State Teachers Retirement System now owns 96,812,071 shares of the company's stock valued at $4,513,379,000 after buying an additional 95,219,410 shares in the last quarter. State Street Corp raised its stake in Exelon by 4.0% during the fourth quarter. State Street Corp now owns 66,623,103 shares of the company's stock valued at $2,904,101,000 after buying an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Exelon by 6.4% during the 1st 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 during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company's stock worth $913,853,000 after buying an additional 595,655 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXC shares. TD Cowen lowered their price target on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a report on Friday, May 15th. Truist Financial decreased their price objective on shares of Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Finally, Morgan Stanley dropped their target price on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, August 21st. Four 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, the stock has a consensus rating of "Hold" and an average target price of $50.07.

Exelon Stock Down 0.7%

NASDAQ:EXC opened at $43.39 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a 50 day moving average of $45.53 and a 200-day moving average of $46.50. The firm has a market capitalization of $44.79 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.39 and a beta of 0.30. Exelon Corporation has a 52 week low of $42.58 and a 52 week 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 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 company 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 business posted $0.39 EPS. The company'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. Analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. Exelon's dividend payout ratio is currently 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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