Exelon Corporation $EXC Stock: Miller Howard Investments Inc. NY Reduces Stake

Miller Howard Investments Inc. NY reduced its stake in Exelon Corporation (NASDAQ:EXC – Free Report) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,574,164 shares of the company’s stock after selling 46,266 shares during the period. Exelon accounts for 1.7% of Miller Howard Investments Inc. NY’s holdings, making the stock its 17th biggest holding. Miller Howard Investments Inc. NY’s holdings in Exelon were worth $63,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Leo Wealth LLC bought a new stake in shares of Exelon during the third quarter valued at approximately $1,041,000. Apollon Wealth Management LLC boosted its holdings in shares of Exelon by 11.2% in the third quarter. Apollon Wealth Management LLC now owns 35,075 shares of the company’s stock valued at $1,417,000 after purchasing an additional 3,544 shares during the period. Invested Advisors grew its stake in Exelon by 11.7% in the third quarter. Invested Advisors now owns 11,615 shares of the company’s stock worth $469,000 after purchasing an additional 1,215 shares in the last quarter. BG Investment Services LLC bought a new position in Exelon in the third quarter worth approximately $3,722,000. Finally, Simplicity Wealth LLC grew its stake in Exelon by 27.2% in the third quarter. Simplicity Wealth LLC now owns 9,081 shares of the company’s stock worth $367,000 after purchasing an additional 1,941 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.2%

NASDAQ:EXC opened at $44.54 on Tuesday. The firm has a 50-day simple moving average of $42.85 and a 200-day simple moving average of $45.53. Exelon Corporation has a one year low of $39.73 and a one year high of $50.65. The firm has a market cap of $45.98 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.43 and a beta of 0.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.

Exelon (NASDAQ:EXC – Get Free Report) last released 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 business 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 business posted $0.39 earnings per share. Exelon’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.

Analysts Set New Price Targets

Several research firms have commented on EXC. Scotiabank reduced their price objective on Exelon from $47.00 to $44.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group lowered their target price on Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. KeyCorp raised Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 price target on the stock in a research report on Monday, October 12th. Barclays dropped their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Finally, Morgan Stanley cut their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.58.

View Our Latest Analysis on EXC

About Exelon

(Free Report)

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.

Further Reading

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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