Odyssean LLC Acquires 23,697 Shares of Exelon Corporation $EXC

Key Points

• Odyssean LLC more than doubled its Exelon stake in the second quarter, purchasing 23,697 additional shares to hold 46,567 shares valued at approximately $2.17 million. Institutional investors collectively own 80.92% of the company.
• Analyst sentiment remains cautious: Exelon has a consensus “Hold” rating from 18 analysts, with an average price target of $50.07. Several firms recently lowered their price targets, including Morgan Stanley, Truist Financial, TD Cowen and KeyCorp.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but earnings per share of $0.43 slightly missed estimates. The company declared a quarterly dividend of $0.42, representing a 3.8% annualized yield.

Odyssean LLC lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 103.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,567 shares of the company's stock after buying an additional 23,697 shares during the period. Odyssean LLC's holdings in Exelon were worth $2,171,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bell Investment Advisors Inc grew its stake in Exelon by 113.4% in the first 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. Axiom Investment Management LLC bought a new stake in Exelon during the first quarter worth $27,000. Eastern Bank acquired a new stake in Exelon in the 2nd quarter valued at about $26,000. Motiv8 Investments LLC bought a new position in Exelon during the fourth quarter worth $25,000. Finally, SHP Wealth Management acquired a new position in Exelon in the 4th quarter valued at about $26,000. Institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on EXC shares. Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. 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. Truist Financial cut their price target 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. TD Cowen reduced their price target 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, KeyCorp decreased their price objective on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $50.07.

Exelon Stock Down 2.0%

Shares of NASDAQ EXC opened at $43.64 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 company has a market cap of $45.05 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.43 and a beta of 0.30. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The stock has a 50-day moving average price of $45.80 and a two-hundred day moving average price of $46.63.

Exelon (NASDAQ:EXC - Get Free Report) last posted 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). The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. Exelon's dividend payout ratio (DPR) 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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