Greenleaf Trust Has $1.48 Million Position in Exelon Corporation $EXC

Greenleaf Trust boosted its position in Exelon Corporation (NASDAQ:EXC) by 56.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,659 shares of the company’s stock after purchasing an additional 11,466 shares during the quarter. Greenleaf Trust’s holdings in Exelon were worth $1,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Caxton Associates LLP bought a new stake in shares of Exelon in the first quarter valued at about $286,000. Woodline Partners LP increased its position in Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after acquiring an additional 24,580 shares during the period. Jump Financial LLC bought a new position in Exelon during the second quarter worth about $2,448,000. Gamco Investors INC. ET AL acquired a new stake in Exelon in the 2nd quarter worth about $645,000. Finally, Treasurer of the State of North Carolina raised its stake in Exelon by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after purchasing an additional 14,240 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Exelon Stock Down 0.5%

EXC stock opened at $43.72 on Tuesday. The company has a market cap of $45.13 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31. The business has a 50-day simple moving average of $46.03 and a 200 day simple moving average of $46.71. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.

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

Exelon Announces Dividend

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