Wealthfront Advisers LLC purchased a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 380,125 shares of the company's stock, valued at approximately $17,721,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Motiv8 Investments LLC purchased a new stake in shares of Exelon during the fourth quarter valued at $25,000. Leonteq Securities AG purchased a new position in Exelon in the 4th quarter worth about $26,000. Bell Investment Advisors Inc lifted its stake in Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock valued at $26,000 after acquiring an additional 287 shares during the period. SHP Wealth Management bought a new position in Exelon during the 4th quarter valued at about $26,000. Finally, Eastern Bank bought a new position in Exelon during the 2nd quarter valued at about $26,000. 80.92% of the stock is owned by institutional investors.
Exelon Trading Down 0.6%
Shares of NASDAQ:EXC opened at $45.31 on Wednesday. The stock has a market capitalization of $46.77 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.77 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The stock's 50-day simple moving average is $46.32 and its two-hundred day simple moving average is $46.70. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65.
Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company'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. Analysts expect that Exelon Corporation will post 2.86 EPS for the current year.
Exelon Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon's payout ratio is 61.54%.
Wall Street Analysts Forecast Growth
EXC has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Exelon from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 21st. TD Cowen lowered their price objective 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. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a report on Tuesday, April 21st. Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, KeyCorp cut their target price 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 investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of "Hold" and a consensus target price of $50.20.
Get Our Latest Report on Exelon
Exelon Company Profile
(
Free Report)
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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