Ieq Capital LLC Invests $1.73 Million in Exelon Corporation $EXC

Ieq Capital LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,129 shares of the company’s stock, valued at approximately $1,731,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new stake in Exelon in the first quarter worth about $286,000. Woodline Partners LP raised its holdings in shares of Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after buying an additional 24,580 shares during the period. Jump Financial LLC purchased a new stake in shares of Exelon in the second quarter worth approximately $2,448,000. Gamco Investors INC. ET AL bought a new stake in shares of Exelon during the 2nd quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Exelon by 3.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after acquiring an additional 14,240 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 0.1%

EXC opened at $44.31 on Wednesday. The stock’s fifty day moving average is $46.17 and its two-hundred day moving average is $46.71. The company has a market capitalization of $45.74 billion, a P/E ratio of 16.23, a PEG ratio of 2.68 and a beta of 0.31. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share 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 firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the firm earned $0.39 earnings per share. 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 forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon’s payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial dropped their price objective 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 decreased their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. 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 research note on Friday, May 15th. KeyCorp cut their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $50.07.

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.