Korea Investment CORP acquired a new position in Exelon Corporation (NASDAQ:EXC – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 580,114 shares of the company’s stock, valued at approximately $27,045,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Resonant Capital Advisors LLC increased its holdings in Exelon by 2.4% during 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 in the last quarter. PFG Investments LLC raised 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 acquiring an additional 218 shares during the last quarter. Texas Bank & Trust Co lifted its holdings in shares of 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 purchasing an additional 229 shares in the last quarter. Westfuller Advisors LLC lifted its holdings in shares of 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 purchasing an additional 232 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew 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 purchasing an additional 233 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EXC has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday. Truist Financial reduced their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. TD Cowen lowered their target price 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 on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings downgraded 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.07.
Exelon Price Performance
NASDAQ:EXC opened at $43.78 on Friday. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. The firm has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The company’s 50-day moving average is $46.25 and its two-hundred day moving average is $46.68. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts expect that Exelon Corporation will post 2.86 EPS for the current year.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio is currently 61.54%.
Exelon 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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