Great Lakes Advisors LLC Acquires New Position in Exelon Corporation $EXC

Great Lakes Advisors LLC purchased a new position in Exelon Corporation (NASDAQ:EXC) in the second quarter, HoldingsChannel reports. The firm purchased 26,307 shares of the company’s stock, valued at approximately $1,226,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Motiv8 Investments LLC bought a new stake in Exelon in the 4th quarter valued at $25,000. Leonteq Securities AG purchased a new stake in Exelon during the 4th quarter valued at $26,000. Bell Investment Advisors Inc lifted 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. SHP Wealth Management bought a new position in Exelon during the 4th quarter valued at about $26,000. Finally, Eastern Bank bought a new position in Exelon during the 2nd quarter valued at about $26,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Down 2.8%

Shares of Exelon stock opened at $43.78 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The firm’s 50-day moving average is $46.25 and its two-hundred day moving average is $46.68. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.65 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted its quarterly 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). 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 the consensus estimate of $5.44 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. TD Cowen dropped their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp reduced their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Finally, Morgan Stanley decreased their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus target price of $50.07.

Exelon Company 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.