Exelon Corporation $EXC Position Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,370 shares of the company’s stock after acquiring an additional 37,731 shares during the quarter. QRG Capital Management Inc.’s holdings in Exelon were worth $15,361,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC raised its stake in shares of Exelon by 11.7% during the first quarter. HB Wealth Management LLC now owns 41,866 shares of the company’s stock valued at $2,052,000 after purchasing an additional 4,370 shares in the last quarter. Plimoth Trust Co. LLC grew its position in Exelon by 2.6% in the 1st quarter. Plimoth Trust Co. LLC now owns 13,395 shares of the company’s stock valued at $657,000 after buying an additional 340 shares in the last quarter. PFG Investments LLC grew its position in Exelon by 1.6% in the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after buying an additional 218 shares in the last quarter. BIP Wealth LLC acquired a new position in Exelon during the 1st quarter valued at about $263,000. Finally, 4WEALTH Advisors Inc. acquired a new position in Exelon during the 1st quarter valued at about $207,000. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $47.88 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The company’s 50 day simple moving average is $45.76 and its 200 day simple moving average is $46.17. Exelon Corporation has a 12 month low of $42.47 and a 12 month high of $50.65. The company has a market capitalization of $48.99 billion, a P/E ratio of 17.54, a PEG ratio of 2.77 and a beta of 0.31.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXC shares. Citigroup initiated coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target for the company. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Morgan Stanley cut their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Mizuho set a $48.00 price target on Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Four 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.27.

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.