Edgestream Partners L.P. Purchases 180,584 Shares of Exelon Corporation $EXC

Edgestream Partners L.P. raised its position in Exelon Corporation (NASDAQ:EXC) by 273.9% during the first quarter, Holdings Channel.com reports. The fund owned 246,513 shares of the company’s stock after purchasing an additional 180,584 shares during the quarter. Exelon accounts for approximately 0.4% of Edgestream Partners L.P.’s investment portfolio, making the stock its 21st largest position. Edgestream Partners L.P.’s holdings in Exelon were worth $12,084,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Kentucky Retirement Systems raised its position in Exelon by 11.5% during the 1st quarter. Kentucky Retirement Systems now owns 70,747 shares of the company’s stock valued at $3,468,000 after purchasing an additional 7,285 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Exelon in the 1st quarter worth approximately $104,000. Arkadios Wealth Advisors increased its stake in shares of Exelon by 8.7% during the first quarter. Arkadios Wealth Advisors now owns 15,022 shares of the company’s stock valued at $736,000 after buying an additional 1,202 shares during the period. IFS Group LLC bought a new position in shares of Exelon during the first quarter valued at approximately $227,000. Finally, Amundi raised its holdings in shares of Exelon by 27.2% during the first quarter. Amundi now owns 10,375,938 shares of the company’s stock valued at $508,632,000 after acquiring an additional 2,220,427 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC opened at $47.03 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market cap of $48.12 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.86 and a beta of 0.31. The stock has a fifty day simple moving average of $46.32 and a two-hundred day simple moving average of $46.58. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 3.6%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several recent analyst reports. Mizuho set a $48.00 price target on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Wells Fargo & Company set a $50.00 target price on shares of Exelon in a research note on Tuesday, April 21st. Finally, KeyCorp decreased their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.33.

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.