Van ECK Associates Corp Purchases 24,542 Shares of Exelon Corporation $EXC

Van ECK Associates Corp increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 6.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 436,660 shares of the company’s stock after purchasing an additional 24,542 shares during the period. Van ECK Associates Corp’s holdings in Exelon were worth $20,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Caxton Associates LLP bought a new stake in shares of Exelon in the 1st quarter valued at about $286,000. Woodline Partners LP boosted its stake in shares of Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after purchasing an additional 24,580 shares in the last quarter. Jump Financial LLC bought a new position in shares of Exelon during the second quarter valued at approximately $2,448,000. Gamco Investors INC. ET AL purchased a new position in Exelon during the second quarter valued at approximately $645,000. Finally, Treasurer of the State of North Carolina raised its stake in Exelon by 3.1% in the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after buying an additional 14,240 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

Shares of EXC stock opened at $43.93 on Monday. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The stock’s fifty day moving average price is $46.08 and its 200 day moving average price is $46.71. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The company has a market cap of $45.35 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. 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 earnings per share for the current fiscal year.

Exelon Announces Dividend

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 given 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 currently 61.54%.

Analyst Ratings Changes

EXC has been the topic of several recent research reports. KeyCorp dropped their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Truist Financial decreased their price objective on 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 cut 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. Finally, Morgan Stanley reduced their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exelon has an average rating of “Hold” and an average price target 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.