Shares of Exelon Corporation (NASDAQ:EXC – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $42.25 and last traded at $42.4320, with a volume of 384835 shares. The stock had previously closed at $42.72.
Wall Street Analyst Weigh In
Several equities research analysts have commented on EXC shares. Morgan Stanley dropped their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Truist Financial decreased their target price on 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 downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Four 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.07.
Check Out Our Latest Report on Exelon
Exelon Stock Performance
Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly earnings data 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 analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.
Exelon Announces Dividend
The company also recently declared 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 4.0%. Exelon’s payout ratio is 61.54%.
Hedge Funds Weigh In On Exelon
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXC. Bell Investment Advisors Inc boosted its holdings 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 during the last quarter. Axiom Investment Management LLC purchased a new stake in Exelon during the 1st quarter worth approximately $27,000. Eastern Bank purchased a new stake in Exelon during the 2nd quarter worth approximately $26,000. SHP Wealth Management acquired a new position in shares of Exelon in the 4th quarter valued at approximately $26,000. Finally, Elevation Wealth Partners LLC raised its position in shares of Exelon by 440.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock valued at $28,000 after purchasing an additional 484 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Company Profile
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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