Hennessy Advisors Inc. Raises Position in Exelon Corporation $EXC

Hennessy Advisors Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 51.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,661 shares of the company’s stock after purchasing an additional 65,430 shares during the period. Hennessy Advisors Inc.’s holdings in Exelon were worth $8,982,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new position in shares of Exelon during the fourth quarter valued at about $25,000. Leonteq Securities AG purchased a new stake in Exelon during the 4th quarter valued at about $26,000. Bell Investment Advisors Inc grew its position in Exelon by 113.4% during 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 stake in Exelon in the fourth quarter valued at approximately $26,000. Finally, Eastern Bank bought a new stake in Exelon in the second quarter valued at approximately $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EXC shares. KeyCorp decreased their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Truist Financial lowered 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. Morgan Stanley reduced their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, TD Cowen reduced their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.07.

Exelon Price Performance

EXC stock opened at $43.93 on Friday. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $45.35 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.66 and a beta of 0.31. The firm has a 50 day moving average price of $46.08 and a 200-day moving average price of $46.69.

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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the firm posted $0.39 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts forecast that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. Exelon’s 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.