Plato Investment Management Ltd Purchases Shares of 30,425 Exelon Corporation $EXC

Plato Investment Management Ltd purchased a new position in shares of Exelon Corporation (NASDAQ:EXCFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 30,425 shares of the company’s stock, valued at approximately $1,410,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its position in shares of Exelon by 2.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock valued at $460,000 after acquiring an additional 217 shares during the period. PFG Investments LLC increased its position in Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock worth $698,000 after buying an additional 218 shares during the last quarter. Texas Bank & Trust Co raised its stake in Exelon by 1.5% in the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after buying an additional 229 shares during the period. Westfuller Advisors LLC raised its stake in Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after buying an additional 232 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in shares of Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock valued at $376,000 after buying an additional 233 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXC. Royal Bank Of Canada decreased their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Jefferies Financial Group downgraded Exelon from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $50.00 in a report on Monday, April 20th. Morgan Stanley reduced their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Truist Financial decreased their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday. Finally, TD Cowen dropped 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. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.20.

View Our Latest Research Report on EXC

Exelon Stock Down 0.6%

EXC opened at $45.57 on Tuesday. The stock has a fifty day moving average of $46.32 and a 200-day moving average of $46.69. The company has a market capitalization of $47.04 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.77 and a beta of 0.31. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. 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:EXCGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued 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 dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Exelon 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.

Further Reading

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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