National Pension Service Boosts Stock Position in Exelon Corporation $EXC

Key Points

• National Pension Service increased its Exelon stake by 2.9% in the second quarter, adding 48,967 shares to own 1.72 million shares valued at approximately $80.2 million. Institutional investors collectively hold 80.92% of the company.
• Analysts have mostly maintained a cautious outlook, with 13 Hold ratings, four Buy ratings and one Sell rating. The average price target is $50.07, although several firms recently lowered their targets.
• Exelon reported quarterly revenue of $5.97 billion, exceeding estimates, but earnings per share of $0.43 narrowly missed expectations. The company declared a quarterly dividend of $0.42 per share, representing a 3.9% annualized yield.

National Pension Service increased its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,719,934 shares of the company's stock after purchasing an additional 48,967 shares during the quarter. National Pension Service owned approximately 0.17% of Exelon worth $80,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Motiv8 Investments LLC purchased a new stake in Exelon in the fourth quarter worth $25,000. Leonteq Securities AG purchased a new position in Exelon during the 4th quarter valued at $26,000. Bell Investment Advisors Inc raised 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. SHP Wealth Management bought a new position in Exelon in the 4th quarter worth $26,000. Finally, Eastern Bank purchased a new stake in shares of Exelon in the 2nd quarter worth about $26,000. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

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

Exelon Stock Performance

Shares of Exelon stock opened at $43.16 on Friday. 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 firm has a market capitalization of $44.55 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.37 and a beta of 0.30. The business has a fifty day simple moving average of $45.44 and a two-hundred day simple moving average of $46.48. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65.

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 analysts' consensus estimates of $0.44 by ($0.01). The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid 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 yield of 3.9%. Exelon's payout ratio is presently 61.54%.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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