Perennial Investment Advisors LLC Buys Shares of 16,830 Exelon Corporation $EXC

Perennial Investment Advisors LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 16,830 shares of the company’s stock, valued at approximately $785,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Motiv8 Investments LLC acquired a new position in shares of Exelon during the 4th quarter worth approximately $25,000. Leonteq Securities AG acquired a new stake in Exelon during the 4th quarter valued at $26,000. Bell Investment Advisors Inc increased its position in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management purchased a new position in Exelon during the fourth quarter worth $26,000. Finally, Eastern Bank acquired a new position in shares of Exelon in the second quarter worth $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXC. Truist Financial reduced their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp cut their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 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 research note on Friday, August 21st. Finally, TD Cowen lowered their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $50.07.

Exelon Stock Performance

Shares of Exelon stock opened at $44.44 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65. The firm’s 50-day simple moving average is $46.15 and its 200-day simple moving average is $46.72. The firm has a market cap of $45.87 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’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. Equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon’s payout ratio is 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.