Corient Private Wealth LP Takes $16.41 Million Position in Exelon Corporation $EXC

Corient Private Wealth LP purchased a new stake in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 523,308 shares of the company’s stock, valued at approximately $16,415,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc raised its stake in Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after purchasing an additional 287 shares during the period. Axiom Investment Management LLC purchased a new position in shares of Exelon during the first quarter valued at $27,000. Eastern Bank acquired a new position in Exelon during the second quarter valued at $26,000. Motiv8 Investments LLC acquired a new position in Exelon during the fourth quarter valued at $25,000. Finally, SHP Wealth Management purchased a new stake in Exelon in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $43.93 on Friday. The stock has a market capitalization of $45.35 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.66 and a beta of 0.31. The business has a 50-day moving average of $46.08 and a two-hundred day moving average of $46.69. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. 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 (NASDAQ:EXC) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts predict 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. Shareholders 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 is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. TD Cowen reduced their price target 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. Truist Financial decreased their price target on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Morgan Stanley dropped their price objective on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Finally, KeyCorp lowered their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Four research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.07.

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.