Jupiter Topco LLC Takes Position in Exelon Corporation $EXC

Key Points

• Jupiter Topco LLC acquired 300,372 Exelon shares during the second quarter, valued at approximately $14 million. Institutional investors collectively own 80.92% of Exelon.
• Analysts remain cautious: Exelon has an average “Hold” rating and a consensus price target of $50.07, while several firms recently lowered their targets.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, though EPS of $0.43 narrowly missed estimates. The company declared a quarterly dividend of $0.42 per share, representing a 3.8% yield.

Jupiter Topco LLC bought a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 300,372 shares of the company's stock, valued at approximately $14,001,000.

Several other institutional investors have also recently added to or reduced their stakes in EXC. BlackRock Inc. purchased a new stake in shares of Exelon during the 2nd quarter worth approximately $5,583,709,000. State Street Corp raised its stake in Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company's stock worth $2,904,101,000 after acquiring an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC lifted its position in 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 acquiring an additional 1,490,251 shares during the last quarter. Deutsche Bank AG boosted its stake in 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 acquiring an additional 595,655 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in Exelon in the second quarter valued at $922,917,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on EXC shares. Truist Financial cut their target price on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research report on Thursday, August 13th. TD Cowen dropped their price target on Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a research note on Friday, May 15th. Morgan Stanley dropped their price target on Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, August 21st. Weiss Ratings lowered shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Finally, KeyCorp reduced their price target 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 analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exelon currently has an average rating of "Hold" and a consensus price target of $50.07.

Exelon Stock Down 0.1%

Exelon stock opened at $43.93 on Friday. The stock has a 50 day moving average of $46.08 and a two-hundred day moving average of $46.69. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The stock has a market capitalization of $45.35 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.66 and a beta of 0.31. 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 (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 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 analysts' expectations of $5.44 billion. During the same quarter last 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. As a group, research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's dividend payout ratio is currently 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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