Summit Global Investments Takes Position in Exelon Corporation $EXC

Summit Global Investments purchased a new stake in Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 42,290 shares of the company’s stock, valued at approximately $1,972,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Motiv8 Investments LLC acquired a new stake in shares of Exelon in the fourth quarter valued at about $25,000. Leonteq Securities AG acquired a new position in shares of Exelon during the 4th quarter worth about $26,000. Bell Investment Advisors Inc raised its position in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. SHP Wealth Management purchased a new position in Exelon in the 4th quarter valued at about $26,000. Finally, Eastern Bank purchased a new position in Exelon in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday. Barclays cut Exelon from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $50.00 to $49.00 in a report on Friday, April 17th. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wells Fargo & Company set a $50.00 price target on Exelon in a research report on Tuesday, April 21st. Finally, 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 report on Friday, April 17th. Four 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.20.

Exelon Stock Performance

EXC opened at $45.86 on Friday. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The firm has a market capitalization of $47.34 billion, a PE ratio of 16.80, a PEG ratio of 2.76 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm’s 50-day moving average price is $46.30 and its 200 day moving average price is $46.67.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. 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.