Northwestern Mutual Wealth Management Co. purchased a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 84,667 shares of the company’s stock, valued at approximately $3,947,000.
Several other hedge funds have also bought and sold shares of EXC. Motiv8 Investments LLC bought a new position in shares of Exelon during the 4th quarter valued at about $25,000. Leonteq Securities AG bought a new stake in shares of Exelon in the fourth quarter worth about $26,000. Bell Investment Advisors Inc lifted its position in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Exelon in the fourth quarter worth about $26,000. Finally, Eastern Bank purchased a new stake in shares of Exelon in the second quarter worth about $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. TD Cowen decreased their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. KeyCorp lowered their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Truist Financial lowered their target price on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, Morgan Stanley cut their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.07.
Exelon Stock Up 1.3%
Shares of NASDAQ EXC opened at $44.34 on Tuesday. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The firm has a 50-day simple moving average of $46.22 and a two-hundred day simple moving average of $46.71. The company has a market cap of $45.77 billion, a P/E ratio of 16.24, a PEG ratio of 2.65 and a beta of 0.31. 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 (NASDAQ:EXC – Get Free Report) last released 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). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.
Exelon Dividend Announcement
The firm also recently disclosed 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. 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 61.54%.
Exelon Company 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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