Hennessy Advisors Inc. Purchases 65,430 Shares of Exelon Corporation $EXC

Hennessy Advisors Inc. boosted its position in Exelon Corporation (NASDAQ:EXC) by 51.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,661 shares of the company’s stock after purchasing an additional 65,430 shares during the quarter. Hennessy Advisors Inc.’s holdings in Exelon were worth $8,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Motiv8 Investments LLC purchased a new position in shares of Exelon during the 4th quarter valued at $25,000. Leonteq Securities AG purchased a new stake in shares of Exelon in the fourth quarter worth $26,000. Bell Investment Advisors Inc raised its position in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management bought a new stake in Exelon during the fourth quarter valued at $26,000. Finally, Eastern Bank bought a new stake in Exelon during the second quarter valued at $26,000. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EXC. Morgan Stanley decreased their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. TD Cowen cut their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Truist Financial decreased their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. KeyCorp lowered their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Four 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.07.

Exelon Trading Down 0.1%

Shares of EXC stock opened at $43.93 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. The business has a 50-day moving average price of $46.08 and a two-hundred day moving average price of $46.69. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. The firm has a market cap of $45.35 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted 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). The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.Exelon’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company 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 $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s dividend payout ratio is currently 61.54%.

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.