Shah Wealth Advisors LLC Acquires New Shares in Exelon Corporation $EXC

Shah Wealth Advisors LLC acquired a new position in shares of Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,899 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds have also added to or reduced their stakes in EXC. Motiv8 Investments LLC purchased a new position in Exelon during the fourth quarter valued at approximately $25,000. Leonteq Securities AG purchased a new position in shares of Exelon during the 4th quarter valued at $26,000. SHP Wealth Management bought a new position 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. Finally, Eastern Bank purchased a new stake in shares of Exelon in the second quarter worth $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Exelon Stock Down 2.0%

Shares of NASDAQ EXC opened at $43.64 on Friday. The stock has a market capitalization of $45.05 billion, a P/E ratio of 15.99, a PEG ratio of 2.43 and a beta of 0.30. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The firm’s 50 day simple moving average is $45.80 and its two-hundred day simple moving average is $46.63. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. Exelon’s revenue 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 expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio is presently 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.