Allstate Corp Increases Stake in Exelon Corporation $EXC

Allstate Corp grew its position in Exelon Corporation (NASDAQ:EXC) by 104.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,580 shares of the company’s stock after acquiring an additional 38,551 shares during the quarter. Allstate Corp’s holdings in Exelon were worth $3,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Plimoth Trust Co. LLC raised its stake in shares of Exelon by 1.8% in the fourth quarter. Plimoth Trust Co. LLC now owns 13,055 shares of the company’s stock valued at $569,000 after acquiring an additional 230 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock valued at $376,000 after acquiring an additional 233 shares during the period. Waterloo Capital L.P. raised its stake in shares of Exelon by 2.7% in the third quarter. Waterloo Capital L.P. now owns 9,075 shares of the company’s stock valued at $408,000 after acquiring an additional 236 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of Exelon by 2.2% in the third quarter. Axxcess Wealth Management LLC now owns 11,058 shares of the company’s stock valued at $498,000 after acquiring an additional 240 shares during the period. Finally, Seeds Investor LLC raised its stake in shares of Exelon by 2.6% in the fourth quarter. Seeds Investor LLC now owns 9,536 shares of the company’s stock valued at $416,000 after acquiring an additional 241 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.3%

NASDAQ EXC opened at $46.19 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The company has a market capitalization of $47.26 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.67 and a beta of 0.32. The company’s 50-day simple moving average is $46.91 and its two-hundred day simple moving average is $46.02. Exelon Corporation has a one year low of $42.11 and a one year high of $50.65.

Exelon (NASDAQ:EXC) last posted its 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. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts forecast that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. Exelon’s dividend payout ratio (DPR) is 61.54%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent analyst reports. Scotiabank increased their target price on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Mizuho set a $48.00 price target on shares of Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. raised their price target on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Finally, Citigroup assumed coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $50.33.

Exelon 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.