Harrison Street Private Wealth LLC Takes Position in Exelon Corporation $EXC

Harrison Street Private Wealth LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the first quarter, HoldingsChannel.com reports. The firm purchased 30,616 shares of the company’s stock, valued at approximately $1,501,000. Exelon accounts for approximately 2.0% of Harrison Street Private Wealth LLC’s portfolio, making the stock its 20th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. Optima Capital LLC acquired a new position in Exelon in the fourth quarter valued at approximately $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 shares of Exelon during the 4th quarter valued at about $26,000. Leonteq Securities AG acquired a new position in Exelon in the fourth quarter worth approximately $26,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Up 3.5%

Shares of Exelon stock opened at $47.88 on Friday. The business has a fifty day simple moving average of $45.72 and a two-hundred day simple moving average of $46.16. Exelon Corporation has a 1 year low of $42.47 and a 1 year high of $50.65. The company has a market capitalization of $48.99 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 2.68 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXC. Mizuho set a $48.00 price target on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Barclays lowered Exelon from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Truist Financial cut their price objective on Exelon from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $50.27.

About Exelon

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.