Citizens Financial Group Inc. RI Acquires New Position in Exelon Corporation $EXC

Citizens Financial Group Inc. RI bought a new position in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,047 shares of the company’s stock, valued at approximately $1,168,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UNIVEST FINANCIAL Corp bought a new stake in shares of Exelon during the 2nd quarter valued at $433,000. BlackRock Inc. bought a new position in Exelon in the 2nd quarter worth $5,583,709,000. Dunhill Financial LLC purchased a new stake in Exelon in the 2nd quarter worth $124,000. Pallas Capital Advisors LLC purchased a new stake in Exelon in the 2nd quarter worth $230,000. Finally, Paragon Financial Partners Inc. bought a new stake in Exelon during the second quarter valued at about $427,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXC. Wells Fargo & Company set a $50.00 target price on Exelon in a research note on Tuesday, April 21st. Morgan Stanley cut their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. KeyCorp reduced their price objective 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. TD Cowen dropped their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.20.

Exelon Price Performance

Shares of Exelon stock opened at $45.31 on Wednesday. The stock has a 50 day moving average of $46.32 and a 200 day moving average of $46.70. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The firm has a market cap of $46.77 billion, a PE ratio of 16.60, a PEG ratio of 2.77 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share 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 firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The business’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, research analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given 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 3.7%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

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.