B.A. Schrock Wealth Management Inc. acquired a new position in Exelon Corporation (NASDAQ:EXC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,415 shares of the company’s stock, valued at approximately $2,243,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Krilogy Financial LLC bought a new stake in Exelon during the third quarter valued at about $267,000. Affinity Capital Advisors LLC raised its stake in shares of Exelon by 77.1% in the third quarter. Affinity Capital Advisors LLC now owns 9,404 shares of the company’s stock worth $393,000 after buying an additional 4,093 shares during the period. Lineweaver Wealth Advisors LLC raised its stake in shares of Exelon by 30.2% in the third quarter. Lineweaver Wealth Advisors LLC now owns 6,321 shares of the company’s stock worth $255,000 after buying an additional 1,467 shares during the period. First Financial Corp IN lifted its position in shares of Exelon by 100.0% during the 3rd quarter. First Financial Corp IN now owns 1,000 shares of the company’s stock valued at $40,000 after buying an additional 500 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Exelon by 8.8% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 274,369 shares of the company’s stock valued at $11,449,000 after buying an additional 22,217 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Morgan Stanley cut their price objective on Exelon from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research note on Tuesday, October 6th. KeyCorp raised shares of Exelon from an “underweight” rating to a “sector weight” rating in a report on Monday. Truist Financial dropped their price target on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, Argus dropped their price target on shares of Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.33.
Exelon Trading Up 0.6%
Exelon stock opened at $42.60 on Thursday. The stock has a market cap of $43.97 billion, a P/E ratio of 15.60, a PEG ratio of 2.31 and a beta of 0.30. 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 Corporation has a 1 year low of $39.73 and a 1 year high of $50.65. The firm’s 50 day moving average price is $43.09 and its 200-day moving average price is $45.29.
Exelon (NASDAQ:EXC – Get Free Report) last issued its earnings results 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%. The company 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 company posted $0.39 EPS. Exelon’s 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. On average, equities analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.
Exelon Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were paid a $0.42 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.9%. Exelon’s payout ratio is presently 61.54%.
About Exelon
Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company focused on the transmission and distribution of electricity and the delivery of natural gas. Through its operating companies, Exelon provides energy delivery, infrastructure, grid modernization, reliability, and related customer services rather than operating a competitive power-generation business.
Exelon’s six principal utilities are Commonwealth Edison (ComEd) in Illinois; PECO in Pennsylvania; Baltimore Gas and Electric (BGE) in Maryland; Delmarva Power in Delaware and Maryland; Atlantic City Electric in New Jersey; and Pepco in Washington, DC, and Maryland.
Featured Articles
- Five stocks we like better than Exelon
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC – Free Report).
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.
