Ieq Capital LLC Makes New $1.73 Million Investment in Exelon Corporation $EXC

Key Points

• Ieq Capital purchased 37,129 Exelon shares during the second quarter, valued at approximately $1.73 million. Institutional investors collectively own 80.92% of the company.
• Analysts remain cautious, with Exelon carrying a consensus “Hold” rating and an average price target of $50.07 after several firms lowered their targets.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but earnings per share of $0.43 narrowly missed estimates. The company also declared a quarterly dividend of $0.42 per share, yielding about 3.8% annually.

Ieq Capital LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,129 shares of the company's stock, valued at approximately $1,731,000.

Several other large investors have also made changes to their positions in the business. Bell Investment Advisors Inc lifted its holdings in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock worth $26,000 after purchasing an additional 287 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in Exelon during the 1st quarter valued at approximately $27,000. Eastern Bank purchased a new stake in Exelon during the 2nd quarter valued at approximately $26,000. Motiv8 Investments LLC bought a new stake in shares of Exelon during the fourth quarter valued at approximately $25,000. Finally, SHP Wealth Management bought a new stake in shares of Exelon during the fourth quarter valued at approximately $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley dropped 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, August 21st. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. TD Cowen dropped their price objective on shares of Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a report on Friday, May 15th. Truist Financial dropped 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. Finally, KeyCorp cut their price objective on 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of "Hold" and an average target price of $50.07.

Exelon Stock Down 0.1%

Shares of NASDAQ:EXC opened at $44.31 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The company has a 50-day moving average price of $46.17 and a 200 day moving average price of $46.71. The company has a market cap of $45.74 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.68 and a beta of 0.31.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share 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 for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The company's revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. Exelon's payout ratio is currently 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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