NewEdge Wealth LLC Takes $1.04 Million Position in Exelon Corporation $EXC

NewEdge Wealth LLC bought a new stake in Exelon Corporation (NASDAQ:EXC) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 23,868 shares of the company’s stock, valued at approximately $1,040,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Denali Advisors LLC raised its position in shares of Exelon by 63.3% in the fourth quarter. Denali Advisors LLC now owns 8,000 shares of the company’s stock worth $349,000 after acquiring an additional 3,100 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Exelon by 14.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 58,257 shares of the company’s stock valued at $2,539,000 after acquiring an additional 7,481 shares during the period. Ethic Inc. increased its stake in shares of Exelon by 7.6% in the 4th quarter. Ethic Inc. now owns 334,268 shares of the company’s stock valued at $14,571,000 after purchasing an additional 23,567 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Exelon by 7.4% in the 4th quarter. International Assets Investment Management LLC now owns 18,387 shares of the company’s stock worth $801,000 after purchasing an additional 1,260 shares during the period. Finally, ASR Vermogensbeheer N.V. raised its holdings in Exelon by 28.4% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after purchasing an additional 60,250 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

NASDAQ:EXC opened at $44.40 on Friday. The stock has a 50 day moving average of $47.66 and a two-hundred day moving average of $46.12. Exelon Corporation has a 12 month low of $42.11 and a 12 month high of $50.65. The firm has a market cap of $45.43 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.56 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last released its earnings results 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 business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the business posted $0.92 earnings per share. The business’s quarterly 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. On average, analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, June 4th. Exelon’s payout ratio is 61.54%.

Analysts Set New Price Targets

EXC has been the topic of several research analyst reports. Mizuho set a $48.00 price objective on Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Citigroup started coverage on Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 target price for the company. Royal Bank Of Canada decreased their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Wolfe Research cut shares of Exelon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Finally, Truist Financial started coverage on shares of Exelon in a report on Monday, April 20th. They issued a “hold” rating and a $50.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.33.

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.