Great Lakes Advisors LLC Buys Shares of 26,307 Exelon Corporation $EXC

Key Points

• Great Lakes Advisors initiated a position in Exelon by purchasing 26,307 shares worth approximately $1.23 million. Institutional investors collectively own 80.92% of the company.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” from 18 analysts and an average price target of $50.07; several firms recently lowered their targets.
• Exelon reported quarterly revenue growth of 10% to $5.97 billion, though earnings of $0.43 per share slightly missed estimates. The company also declared a quarterly dividend of $0.42 per share, representing a 3.8% annualized yield.

Great Lakes Advisors LLC bought a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,307 shares of the company's stock, valued at approximately $1,226,000.

Several other hedge funds have also recently modified their holdings of EXC. Danske Bank A S bought a new position in shares of Exelon during the second quarter valued at $58,216,000. Wealthfront Advisers LLC bought a new stake in Exelon in the 2nd quarter worth about $17,721,000. Foster & Motley Inc. bought a new stake in Exelon in the 2nd quarter worth about $1,456,000. Ontario Teachers Pension Plan Board bought a new stake in Exelon in the 2nd quarter worth about $179,625,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Exelon in the 2nd quarter worth about $161,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EXC shares. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. KeyCorp decreased their price objective on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a report on Wednesday, May 13th. TD Cowen lowered their price objective on shares of Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a research report on Friday, May 15th. Truist Financial dropped their target price on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Finally, Morgan Stanley cut their target price on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday. Four 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, the company presently has an average rating of "Hold" and a consensus price target of $50.07.

Exelon Trading Down 2.8%

Shares of NASDAQ:EXC opened at $43.78 on Friday. The stock's 50-day simple moving average is $46.25 and its two-hundred day simple moving average is $46.68. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.65 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 released its quarterly 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). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $5.44 billion. During the same period in the previous year, the company earned $0.39 EPS. Exelon's revenue for the quarter was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed 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 of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend 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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