Summit Global Investments Takes Position in Exelon Corporation $EXC

Summit Global Investments purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 42,290 shares of the company’s stock, valued at approximately $1,972,000.

Other hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc increased its position in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Axiom Investment Management LLC acquired a new position in Exelon in the 1st quarter valued at about $27,000. Eastern Bank acquired a new position in Exelon in the 2nd quarter valued at about $26,000. Motiv8 Investments LLC purchased a new stake in shares of Exelon in the 4th quarter valued at approximately $25,000. Finally, SHP Wealth Management purchased a new stake in shares of Exelon in the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of a number of recent analyst reports. TD Cowen cut their price target 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. Royal Bank Of Canada decreased their price objective on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. KeyCorp lowered their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Barclays cut Exelon from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. Finally, Morgan Stanley reduced their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.20.

Exelon Trading Up 0.6%

Shares of EXC stock opened at $45.86 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a market cap of $47.34 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.31. The company has a 50-day moving average of $46.30 and a two-hundred day moving average of $46.67. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. Exelon’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed 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. 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 3.7%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

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.