Principle Wealth Partners LLC Buys Shares of 51,410 Exelon Corporation $EXC

Principle Wealth Partners LLC bought a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,410 shares of the company’s stock, valued at approximately $2,397,000.

Other hedge funds have also recently made changes to their positions in the company. Capital International Investors bought a new position in Exelon during the 4th quarter valued at approximately $738,333,000. Norges Bank bought a new stake in Exelon in the fourth quarter worth $617,974,000. Bank of New York Mellon Corp bought a new stake in Exelon in the second quarter worth $580,842,000. Capital World Investors grew its stake in shares of Exelon by 807.4% in the fourth quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock worth $440,284,000 after acquiring an additional 8,987,453 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Exelon by 32.9% during the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after acquiring an additional 5,554,494 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 0.6%

Shares of NASDAQ:EXC opened at $45.57 on Tuesday. 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 $42.58 and a 1 year high of $50.65. The company has a market cap of $47.04 billion, a P/E ratio of 16.69, a PEG ratio of 2.77 and a beta of 0.31. The stock’s fifty day moving average price is $46.32 and its 200-day moving average price is $46.69.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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 return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. Exelon’s quarterly 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. Sell-side analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent analyst reports. Truist Financial lowered their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday. Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Monday, April 20th. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada cut their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. 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 company’s stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $50.20.

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.