First Horizon Corp Acquires 23,313 Shares of Exelon Corporation $EXC

First Horizon Corp lifted its holdings in Exelon Corporation (NASDAQ:EXC) by 1,004.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,635 shares of the company’s stock after buying an additional 23,313 shares during the quarter. First Horizon Corp’s holdings in Exelon were worth $1,257,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. grew its position in shares of 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 acquiring an additional 60,250 shares during the period. Nordea Investment Management AB increased its stake in shares of Exelon by 14.6% during the 4th quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock worth $352,397,000 after purchasing an additional 1,024,106 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Exelon by 26.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Exelon by 19.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after purchasing an additional 93,682 shares during the period. Finally, Prudential PLC lifted its stake in Exelon by 14.2% in the 3rd quarter. Prudential PLC now owns 500,289 shares of the company’s stock valued at $22,518,000 after purchasing an additional 62,153 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXC. Truist Financial lowered their price target on Exelon from $50.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. TD Cowen cut their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Morgan Stanley decreased their target price on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, Jefferies Financial Group downgraded Exelon from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $50.00 in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.27.

Exelon Stock Up 0.9%

Shares of EXC opened at $46.80 on Friday. Exelon Corporation has a 52 week low of $42.47 and a 52 week high of $50.65. The firm has a market cap of $47.89 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.69 and a beta of 0.31. The firm’s 50-day simple moving average is $45.77 and its 200 day simple moving average is $46.27. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s dividend payout ratio (DPR) is 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.