Exelon Corporation $EXC Stake Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Exelon Corporation (NASDAQ:EXC) by 22.1% during the first quarter, HoldingsChannel reports. The fund owned 227,533 shares of the company’s stock after selling 64,532 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Exelon were worth $11,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Resonant Capital Advisors LLC grew its stake in Exelon by 2.4% in the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock valued at $460,000 after purchasing an additional 217 shares in the last quarter. PFG Investments LLC increased its position in Exelon by 1.6% in the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock worth $698,000 after purchasing an additional 218 shares during the last quarter. Texas Bank & Trust Co raised its stake in shares of Exelon by 1.5% during the 1st quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock worth $755,000 after purchasing an additional 229 shares in the last quarter. Plimoth Trust Co. LLC lifted its holdings in shares of Exelon by 1.8% during the 4th quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock valued at $569,000 after buying an additional 230 shares during the last quarter. Finally, Westfuller Advisors LLC lifted its holdings in shares of Exelon by 12.5% during the 1st quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after buying an additional 232 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Up 1.8%

Shares of Exelon stock opened at $46.70 on Thursday. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The stock has a 50 day moving average price of $46.02 and a two-hundred day moving average price of $46.45. The stock has a market capitalization of $47.78 billion, a P/E ratio of 17.11, a PEG ratio of 2.66 and a beta of 0.31.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts expect 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. Investors of record on Thursday, June 4th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

EXC has been the subject of several recent research reports. TD Cowen lowered their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Citigroup assumed coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price for the company. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and decreased their target price for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. BMO Capital Markets restated a “market perform” rating and set a $49.00 price target (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Finally, Mizuho set a $48.00 price target on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Four equities 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.33.

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.