Heartland Advisors Inc. Makes New Investment in Exelon Corporation $EXC

Heartland Advisors Inc. bought a new position in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 437,106 shares of the company’s stock, valued at approximately $20,378,000.

Other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc grew its stake in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in Exelon during the first quarter valued at approximately $27,000. Eastern Bank bought a new position in Exelon during the 2nd quarter worth approximately $26,000. Motiv8 Investments LLC bought a new position in Exelon during the 4th quarter worth approximately $25,000. Finally, SHP Wealth Management acquired a new position in shares of Exelon in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXC. Truist Financial lowered their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Morgan Stanley reduced their price objective on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday. KeyCorp decreased 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. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, TD Cowen dropped their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.07.

Exelon Stock Down 2.8%

NASDAQ:EXC opened at $43.78 on Friday. The firm has a market capitalization of $45.19 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.73 and a beta of 0.31. The stock has a 50 day moving average of $46.25 and a 200-day moving average of $46.68. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. 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 announced its quarterly 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the business posted $0.39 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. 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.