Burney Co. Sells 12,334 Shares of Exelon Corporation $EXC

Burney Co. reduced its position in Exelon Corporation (NASDAQ:EXC) by 42.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,882 shares of the company’s stock after selling 12,334 shares during the period. Burney Co.’s holdings in Exelon were worth $828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc boosted its position in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Exelon during the 4th quarter valued at about $25,000. Optima Capital LLC purchased a new stake in shares of Exelon during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new position in shares of Exelon in the 4th quarter worth approximately $26,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of Exelon in the 4th quarter worth approximately $26,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 1.9%

Shares of EXC stock opened at $46.38 on Friday. The company’s fifty day simple moving average is $45.77 and its two-hundred day simple moving average is $46.27. Exelon Corporation has a 52 week low of $42.47 and a 52 week high of $50.65. The stock has a market cap of $47.46 billion, a P/E ratio of 16.99, a PEG ratio of 2.74 and a beta of 0.31. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s 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. Analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s dividend payout ratio is 61.54%.

Analyst Ratings Changes

Several analysts recently issued reports on EXC shares. Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $50.00 to $49.00 in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. TD Cowen dropped their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research report on Tuesday, April 21st. Finally, Mizuho set a $48.00 price objective on Exelon and gave the stock a “neutral” rating in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exelon currently has an average rating of “Hold” and a consensus price target of $50.27.

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.