HBK Sorce Advisory LLC Acquires Shares of 27,078 Exelon Corporation $EXC

Key Points

• HBK Sorce Advisory acquired 27,078 Exelon shares in the second quarter, valued at approximately $1.24 million. Institutional investors and hedge funds collectively own 80.92% of Exelon.
• Analysts maintain a generally neutral outlook, with a consensus “Hold” rating and an average price target of $50.20. Several firms recently lowered their targets or downgraded the stock.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, though EPS of $0.43 slightly missed estimates. The company also declared a quarterly dividend of $0.42 per share, representing a 3.7% yield.

HBK Sorce Advisory LLC acquired a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,078 shares of the company's stock, valued at approximately $1,239,000.

Several other hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in Exelon during the fourth quarter worth about $25,000. Leonteq Securities AG purchased a new stake in Exelon in the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc boosted its holdings in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock valued at $26,000 after purchasing an additional 287 shares in the last quarter. SHP Wealth Management acquired a new position in Exelon during the 4th quarter worth approximately $26,000. Finally, Eastern Bank acquired a new position in Exelon during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent analyst reports. Wells Fargo & Company set a $50.00 price target on Exelon in a report on Tuesday, April 21st. Royal Bank Of Canada dropped their price objective on Exelon from $51.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, April 20th. Jefferies Financial Group downgraded Exelon from a "buy" rating to a "hold" rating and reduced their target price for the company from $55.00 to $50.00 in a report on Monday, April 20th. TD Cowen decreased their target price 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. Finally, Truist Financial lowered their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $50.20.

Exelon Price Performance

EXC stock opened at $45.86 on Monday. The firm has a 50 day moving average of $46.30 and a 200-day moving average of $46.69. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. 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 company has a market cap of $47.34 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.77 and a beta of 0.31.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share 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 firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The business'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. As a group, equities analysts expect 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. Shareholders of record on Friday, September 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.7%. Exelon's dividend payout ratio is 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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