Exelon Corporation $EXC Stock Position Decreased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Exelon stake by 51.9% in the second quarter, selling 277,644 shares and retaining 257,730 shares valued at approximately $12.0 million. Institutional investors and hedge funds collectively own 80.92% of Exelon.
• Analysts maintain a generally neutral outlook, with 13 Hold, four Buy and one Sell rating. The consensus price target is $50.07, while Truist and Morgan Stanley recently lowered their targets to $48 and $53, respectively.
• Exelon’s shares opened at $42.19, near their 52-week low, after quarterly revenue rose 10% year over year to $5.97 billion, though EPS slightly missed estimates. The company also maintains a quarterly dividend of $0.42, representing a 4.0% annualized yield.

Corient Private Wealth LP lowered its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 51.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,730 shares of the company's stock after selling 277,644 shares during the quarter. Corient Private Wealth LP's holdings in Exelon were worth $12,015,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EXC. BlackRock Inc. bought a new position in shares of Exelon during the 2nd quarter worth about $5,583,709,000. Lazard Asset Management LLC lifted its stake in shares of Exelon by 6.4% in the first quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock valued at $1,206,887,000 after buying an additional 1,490,251 shares during the period. Deutsche Bank AG lifted its stake in shares of Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company's stock valued at $913,853,000 after buying an additional 595,655 shares during the period. GQG Partners LLC acquired a new stake in Exelon during the second quarter worth about $922,917,000. Finally, Capital International Investors acquired a new stake in Exelon during the fourth quarter worth about $738,333,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXC shares. Truist Financial lowered their price target on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Weiss Ratings downgraded Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Finally, Morgan Stanley decreased their price objective on 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exelon presently has an average rating of "Hold" and a consensus price target of $50.07.

Exelon Stock Down 1.2%

EXC stock opened at $42.19 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market capitalization of $43.55 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.34 and a beta of 0.30. Exelon Corporation has a fifty-two week low of $42.13 and a fifty-two week high of $50.65. The business has a 50-day moving average of $45.24 and a 200-day moving average of $46.38.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter last year, the business earned $0.39 EPS. Exelon's revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Exelon's dividend payout ratio is currently 61.54%.

Exelon Profile

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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