Sterling Capital Management LLC Buys 16,293 Shares of Exelon Corporation $EXC

Sterling Capital Management LLC raised its stake in Exelon Corporation (NASDAQ:EXC) by 27.2% in the first quarter, Holdings Channel.com reports. The firm owned 76,301 shares of the company’s stock after acquiring an additional 16,293 shares during the period. Sterling Capital Management LLC’s holdings in Exelon were worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Optima Capital LLC bought a new stake in shares of Exelon in the fourth quarter valued at about $25,000. Motiv8 Investments LLC bought a new position in Exelon during the fourth quarter valued at about $25,000. Beacon Financial Strategies CORP bought a new position in Exelon during the fourth quarter valued at about $26,000. Leonteq Securities AG acquired a new position in Exelon in the 4th quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc raised its holdings in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on EXC shares. Wells Fargo & Company set a $50.00 price objective on Exelon in a report on Tuesday, April 21st. Truist Financial cut their target price on Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Barclays cut Exelon from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. BMO Capital Markets reiterated a “market perform” rating and set a $49.00 price target (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Finally, KeyCorp lowered their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus target price of $50.27.

Exelon Stock Up 1.4%

NASDAQ EXC opened at $47.42 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average is $45.70 and its two-hundred day moving average is $46.04. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.75 and a beta of 0.31. Exelon Corporation has a 1-year low of $42.39 and a 1-year high of $50.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts forecast 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 Monday, June 15th. Shareholders of record on Thursday, June 4th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, June 4th. Exelon’s dividend payout ratio is 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.