Investment Research Partners LLC acquired a new position in Exelon Corporation (NASDAQ:EXC – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,609 shares of the company’s stock, valued at approximately $784,000.
Several other institutional investors also recently modified their holdings of EXC. LRI Investments LLC lifted its position in Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 392 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Exelon in the 2nd quarter valued at $29,000. Root Financial Partners LLC bought a new stake in Exelon in the 3rd quarter valued at $30,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Exelon in the 3rd quarter valued at $32,000. Finally, Motco raised its stake in shares of Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after buying an additional 696 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.
Wall Street Analyst Weigh In
EXC has been the topic of several recent research reports. Wolfe Research lowered shares of Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Wells Fargo & Company increased their price target on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Barclays cut their price target on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. UBS Group lifted their price objective on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Wall Street Zen upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.93.
Exelon Stock Down 1.6%
Shares of NASDAQ:EXC opened at $49.25 on Thursday. The company’s fifty day moving average is $46.50 and its 200-day moving average is $45.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. Exelon Corporation has a 52 week low of $41.71 and a 52 week high of $50.65. The company has a market capitalization of $50.38 billion, a PE ratio of 18.04, a P/E/G ratio of 2.91 and a beta of 0.45.
Exelon (NASDAQ:EXC – Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. During the same quarter in the previous year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.
Exelon Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. Exelon’s dividend payout ratio (DPR) is 61.54%.
Exelon Company 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.
See Also
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.
