Perigon Wealth Management LLC Takes Position in Exelon Corporation $EXC

Perigon Wealth Management LLC bought a new stake in Exelon Corporation (NASDAQ:EXC) in the second quarter, Holdings Channel.com reports. The institutional investor bought 29,638 shares of the company’s stock, valued at approximately $1,382,000.

Other institutional investors have also added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI acquired a new stake in Exelon in the second quarter valued at approximately $836,000. Trust Co. of Vermont bought a new stake in shares of Exelon during the second quarter valued at approximately $166,000. Principle Wealth Partners LLC acquired a new position in shares of Exelon during the second quarter worth approximately $2,397,000. Focused Wealth Management Inc acquired a new position in shares of Exelon during the second quarter worth approximately $229,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Exelon in the 2nd quarter worth $123,059,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXC. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research report on Tuesday, April 21st. Truist Financial dropped their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. 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 report on Wednesday, May 13th. Morgan Stanley decreased their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.20.

Exelon Stock Down 0.6%

Shares of NASDAQ:EXC opened at $45.31 on Wednesday. The stock has a market cap 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. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. The business’s 50 day moving average is $46.32 and its 200 day moving average is $46.70.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly 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. On average, sell-side analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend 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.