Wealthfront Advisers LLC Invests $17.72 Million in Exelon Corporation $EXC

Wealthfront Advisers LLC bought a new position in Exelon Corporation (NASDAQ:EXC) during the second quarter, HoldingsChannel reports. The fund bought 380,125 shares of the company’s stock, valued at approximately $17,721,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in Exelon during the fourth quarter valued at about $25,000. Leonteq Securities AG bought a new position in shares of Exelon in the fourth quarter worth about $26,000. Bell Investment Advisors Inc raised its stake in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after buying an additional 287 shares during the period. SHP Wealth Management bought a new position in shares of Exelon in the fourth quarter worth about $26,000. Finally, Eastern Bank purchased a new position in shares of Exelon during the 2nd quarter valued at about $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the subject of a number of recent research reports. Truist Financial cut their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a report on Tuesday, April 21st. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. TD Cowen reduced their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Finally, KeyCorp reduced their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.20.

Exelon Price Performance

Shares of Exelon stock opened at $45.31 on Wednesday. The company has a market capitalization of $46.77 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.77 and a beta of 0.31. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The stock’s 50-day simple moving average is $46.32 and its 200-day simple moving average is $46.70. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65.

Exelon (NASDAQ:EXC) last released its earnings results 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). The business had revenue of $5.97 billion for 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 business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon’s dividend payout ratio is presently 61.54%.

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.