Narwhal Capital Management Reduces Position in Exelon Corporation $EXC

Narwhal Capital Management cut its position in shares of Exelon Corporation (NASDAQ:EXC) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,180 shares of the company’s stock after selling 5,000 shares during the period. Narwhal Capital Management’s holdings in Exelon were worth $1,831,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WESPAC Advisors LLC purchased a new stake in Exelon in the 2nd quarter valued at about $693,000. Shell Asset Management Co. boosted its position in Exelon by 25.0% in the 2nd quarter. Shell Asset Management Co. now owns 130,798 shares of the company’s stock valued at $5,679,000 after buying an additional 26,133 shares during the period. KLP Kapitalforvaltning AS boosted its position in Exelon by 4.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 993,544 shares of the company’s stock valued at $43,140,000 after buying an additional 45,000 shares during the period. RMG Wealth Management LLC purchased a new stake in Exelon in the 2nd quarter valued at about $311,000. Finally, SteelPeak Wealth LLC purchased a new stake in Exelon in the 2nd quarter valued at about $1,129,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of EXC opened at $46.62 on Thursday. The company has a 50 day moving average price of $44.32 and a 200-day moving average price of $44.28. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The stock has a market capitalization of $47.09 billion, a PE ratio of 17.73, a PEG ratio of 2.74 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the business posted $0.47 EPS. Exelon’s revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Exelon’s dividend payout ratio is presently 60.84%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXC. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research report on Wednesday. UBS Group reissued a “neutral” rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp lowered their price objective on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Evercore ISI started coverage on shares of Exelon in a research report on Monday. They issued an “outperform” rating and a $57.00 price target for the company. Finally, Morgan Stanley lowered their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus price target of $48.11.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.