Perigon Wealth Management LLC Purchases Shares of 29,638 Exelon Corporation $EXC

Perigon Wealth Management LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 29,638 shares of the company’s stock, valued at approximately $1,382,000.

A number of other hedge funds also recently modified their holdings of EXC. Commerzbank Aktiengesellschaft FI acquired a new stake in Exelon in the second quarter valued at $836,000. Trust Co. of Vermont acquired a new position in Exelon during the 2nd quarter worth about $166,000. Principle Wealth Partners LLC acquired a new position in Exelon during the 2nd quarter worth about $2,397,000. Focused Wealth Management Inc bought a new stake in shares of Exelon in the 2nd quarter valued at about $229,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Exelon in the 2nd quarter valued at about $123,059,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $45.31 on Wednesday. The business has a 50-day moving average price of $46.32 and a two-hundred day moving average price of $46.70. Exelon Corporation has a 1-year low of $42.58 and a 1-year 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. The company has a market cap of $46.77 billion, a P/E ratio of 16.60, a PEG ratio of 2.77 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 (EPS) 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 business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter 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 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 4th. Exelon’s payout ratio is presently 61.54%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. TD Cowen reduced their target price on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a research report on Tuesday, April 21st. Morgan Stanley decreased their target price on shares of 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, KeyCorp lowered their price target 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. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.20.

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.