NFSG Corp boosted its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 4,919.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,854 shares of the company’s stock after acquiring an additional 13,578 shares during the period. NFSG Corp’s holdings in Exelon were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in EXC. V Square Quantitative Management LLC grew its position in shares of Exelon by 10.2% in the third quarter. V Square Quantitative Management LLC now owns 23,657 shares of the company’s stock valued at $956,000 after purchasing an additional 2,198 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Exelon by 11.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 30,607 shares of the company’s stock worth $1,304,000 after purchasing an additional 3,157 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Exelon by 633.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,710,111 shares of the company’s stock worth $149,888,000 after purchasing an additional 3,204,547 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Exelon during the 3rd quarter worth approximately $402,000. Finally, B.A. Schrock Wealth Management Inc. acquired a new position in shares of Exelon during the 3rd quarter worth approximately $2,243,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon News Summary
Here are the key news stories impacting Exelon this week:
- Positive Sentiment: KeyBanc upgraded Exelon (EXC) from Underweight to Sector Weight, removing a bearish stance and potentially improving sentiment toward the regulated utility. KeyBanc upgrades Exelon to sector weight from underweight
- Positive Sentiment: Commentary on data-center-driven electricity demand argues that a reassessment of grid investment and power needs could strengthen Exelon’s longer-term growth outlook. Battery-storage projects and grid modernization also provide potential strategic support. The Bull Case For Exelon Could Change Following A Data Center-Driven Grid Rethink
- Neutral Sentiment: KeyBanc assigned a $41 price target alongside its upgrade, below the reference price of $43.50, suggesting the change mainly reflects reduced downside risk rather than strong expected appreciation. KeyBanc sets USD 41.00 target for Exelon stock after upgrade
- Neutral Sentiment: Scotiabank reiterated its Hold rating, indicating no major change in its view of Exelon’s valuation or outlook. Scotiabank reaffirms Hold rating on Exelon
- Neutral Sentiment: Exelon’s operating companies called for an “all-hands-on-deck” approach to electricity supply, highlighting the need for coordinated grid and supply-chain planning as demand grows. The statement is strategically relevant but does not announce a near-term financial impact. Exelon companies call for all-hands-on-deck supply approach
- Negative Sentiment: Truist cut its price target from $48 to $46 and maintained a Hold rating, signaling more limited upside expectations. Truist lowers Exelon price target
- Negative Sentiment: Goldman Sachs maintained its Sell rating, reinforcing the downside view from a major analyst and offsetting KeyBanc’s upgrade. Goldman Sachs sticks to Sell rating for Exelon
Exelon Trading Up 2.4%
Shares of NASDAQ EXC traded up $1.02 during midday trading on Friday, reaching $43.50. 6,758,995 shares of the stock were exchanged, compared to its average volume of 8,284,634. The company has a market capitalization of $44.90 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.32 and a beta of 0.30. Exelon Corporation has a 52-week low of $39.73 and a 52-week high of $50.65. 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 stock has a 50 day moving average price of $42.99 and a 200-day moving average price of $45.23.
Exelon (NASDAQ:EXC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the company posted $0.39 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were issued a $0.42 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.9%. Exelon’s payout ratio is 61.54%.
Analysts Set New Price Targets
EXC has been the topic of a number of recent research reports. KeyCorp raised Exelon from an “underweight” rating to a “sector weight” rating in a research note on Monday. Morgan Stanley lowered their target price on Exelon from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Truist Financial dropped their price target on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Friday. Argus cut their price target on Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus price target of $49.20.
View Our Latest Research Report on EXC
Exelon Profile
Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company focused on the transmission and distribution of electricity and the delivery of natural gas. Through its operating companies, Exelon provides energy delivery, infrastructure, grid modernization, reliability, and related customer services rather than operating a competitive power-generation business.
Exelon’s six principal utilities are Commonwealth Edison (ComEd) in Illinois; PECO in Pennsylvania; Baltimore Gas and Electric (BGE) in Maryland; Delmarva Power in Delaware and Maryland; Atlantic City Electric in New Jersey; and Pepco in Washington, DC, and Maryland.
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