Global Retirement Partners LLC Takes $1.63 Million Position in Exelon Corporation $EXC

Key Points

• Global Retirement Partners acquired 35,005 Exelon shares worth approximately $1.63 million during the second quarter. Institutional investors and hedge funds collectively own 80.92% of the company.
• Analysts have generally turned more cautious, with several firms lowering price targets and ratings. Exelon has an overall “Hold” consensus rating and an average price target of $50.20.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but earnings of $0.43 per share narrowly missed estimates. The company also declared a $0.42 quarterly dividend, equivalent to a 3.7% annualized yield.

Global Retirement Partners LLC acquired a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,005 shares of the company's stock, valued at approximately $1,632,000.

Several other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Exelon during the 2nd quarter valued at $580,842,000. PTM Wealth Management LLC purchased a new position in shares of Exelon in the 2nd quarter worth $664,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Exelon in the 2nd quarter worth $753,000. GSA Capital Partners LLP acquired a new position in Exelon in the second quarter valued at $898,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Exelon in the 2nd quarter worth about $898,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXC shares. Truist Financial decreased their target price on Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a report on Thursday. TD Cowen cut their price target on shares of Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, May 15th. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Jefferies Financial Group downgraded shares of Exelon from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $55.00 to $50.00 in a research note on Monday, April 20th. Finally, KeyCorp dropped their price objective on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.20.

Exelon Price Performance

Shares of NASDAQ EXC opened at $45.57 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.77 and a beta of 0.31. The business has a 50-day moving average of $46.32 and a 200-day moving average of $46.69.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's payout ratio is presently 61.54%.

Exelon Profile

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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