NEOS Investment Management LLC Increases Holdings in Exelon Corporation $EXC

Key Points

• NEOS Investment Management increased its Exelon stake by 14.4% in the second quarter, adding 98,429 shares to own 779,857 shares valued at approximately $36.4 million. Institutional investors collectively own 80.92% of Exelon.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $50.07. Recent brokerages lowered their targets, while Exelon shares recently traded at $44.53.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but narrowly missed earnings expectations with EPS of $0.43 versus $0.44 forecast. The company declared a quarterly dividend of $0.42, equivalent to a 3.8% annual yield.

NEOS Investment Management LLC grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 14.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 779,857 shares of the company's stock after acquiring an additional 98,429 shares during the quarter. NEOS Investment Management LLC owned 0.08% of Exelon worth $36,357,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Caxton Associates LLP bought a new position in Exelon in the 1st quarter worth about $286,000. Woodline Partners LP increased its stake in Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company's stock valued at $3,913,000 after purchasing an additional 24,580 shares in the last quarter. Jump Financial LLC purchased a new position in Exelon in the second quarter worth about $2,448,000. Gamco Investors INC. ET AL purchased a new position in Exelon in the second quarter worth about $645,000. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Exelon by 3.1% in the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock worth $20,502,000 after buying an additional 14,240 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Exelon Stock Performance

Shares of EXC opened at $44.53 on Friday. The firm has a market capitalization of $45.97 billion, a P/E ratio of 16.31, a PEG ratio of 2.40 and a beta of 0.30. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The business has a fifty day moving average of $45.87 and a 200 day moving average of $46.65.

Exelon (NASDAQ:EXC - Get Free Report) last posted its 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). The firm had revenue of $5.97 billion during 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 firm's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts anticipate 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. Investors 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 dividend on an annualized basis and a dividend yield of 3.8%. Exelon's dividend payout ratio (DPR) 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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