HBK Sorce Advisory LLC Makes New $1.24 Million Investment in Exelon Corporation $EXC

HBK Sorce Advisory LLC purchased a new stake in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,078 shares of the company’s stock, valued at approximately $1,239,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital International Investors purchased a new position in shares of Exelon during the 4th quarter worth approximately $738,333,000. Norges Bank acquired a new position in shares of Exelon during the 4th quarter worth approximately $617,974,000. Bank of New York Mellon Corp purchased a new stake in Exelon in the 2nd quarter valued at approximately $580,842,000. Capital World Investors lifted its stake in Exelon by 807.4% in the 4th quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock valued at $440,284,000 after buying an additional 8,987,453 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Exelon by 32.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after buying an additional 5,554,494 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EXC shares. KeyCorp dropped their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. TD Cowen reduced their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada decreased their price objective on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company set a $50.00 price objective on Exelon in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.20.

Exelon Stock Performance

Shares of EXC opened at $45.86 on Monday. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The company’s 50 day simple moving average is $46.30 and its 200 day simple moving average is $46.69. The company has a market capitalization of $47.34 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.77 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.

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

Exelon Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is currently 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.