Empowered Funds LLC Invests $19.30 Million in Exelon Corporation $EXC

Empowered Funds LLC acquired a new stake in Exelon Corporation (NASDAQ:EXC) during the second quarter, HoldingsChannel.com reports. The fund acquired 413,894 shares of the company’s stock, valued at approximately $19,296,000.

Several other large investors also recently modified their holdings of the company. ASR Vermogensbeheer N.V. boosted its holdings in Exelon by 28.4% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after purchasing an additional 60,250 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Exelon by 133.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after buying an additional 289,436 shares during the period. Ethic Inc. boosted its stake in shares of Exelon by 7.6% in the fourth quarter. Ethic Inc. now owns 334,268 shares of the company’s stock valued at $14,571,000 after buying an additional 23,567 shares in the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Exelon in the fourth quarter valued at approximately $2,021,000. Finally, Principal Financial Group Inc. raised its position in Exelon by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,237,676 shares of the company’s stock worth $53,950,000 after acquiring an additional 37,672 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have 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 report on Wednesday, May 13th. 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 report on Thursday, August 13th. Morgan Stanley reduced their price objective on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, 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 report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus price target of $50.07.

Exelon Stock Down 0.1%

Exelon stock opened at $43.93 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $45.35 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The stock’s fifty day moving average is $46.08 and its two-hundred day moving average is $46.69.

Exelon (NASDAQ:EXC) last released 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 firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the firm earned $0.39 EPS. The company’s quarterly 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. Analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. Exelon’s payout ratio is presently 61.54%.

Exelon Company 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.