NEOS Investment Management LLC Buys 98,429 Shares of Exelon Corporation $EXC

NEOS Investment Management LLC boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 14.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 779,857 shares of the company’s stock after purchasing an additional 98,429 shares during the period. NEOS Investment Management LLC’s holdings in Exelon were worth $36,357,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Motiv8 Investments LLC bought a new position in shares of Exelon in the fourth quarter worth about $25,000. Leonteq Securities AG bought a new position in shares of Exelon during the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc increased its holdings in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares in the last quarter. SHP Wealth Management purchased a new stake in Exelon in the 4th quarter worth approximately $26,000. Finally, Eastern Bank bought a new stake in Exelon during the 2nd quarter worth approximately $26,000. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.3%

EXC stock opened at $44.53 on Friday. 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 Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The stock has a market capitalization of $45.97 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.30. The firm’s fifty day simple moving average is $45.87 and its two-hundred day simple moving average is $46.65.

Exelon (NASDAQ:EXC) last released 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter last year, the business posted $0.39 EPS. Exelon’s 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. As a group, analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. Exelon’s dividend payout ratio is currently 61.54%.

Analysts Set New Price Targets

Several brokerages have weighed in on EXC. Morgan Stanley lowered their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. KeyCorp decreased their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. TD Cowen lowered their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Truist Financial dropped their target price 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. Finally, Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. 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, the stock presently has an average rating of “Hold” and a consensus target price of $50.07.

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.