Econ Financial Services Corp Grows Stake in Exelon Corporation $EXC

Econ Financial Services Corp boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 82.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,068 shares of the company’s stock after acquiring an additional 35,279 shares during the quarter. Exelon comprises about 1.7% of Econ Financial Services Corp’s investment portfolio, making the stock its 21st biggest position. Econ Financial Services Corp’s holdings in Exelon were worth $3,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. LRI Investments LLC boosted its holdings in shares of Exelon by 210.8% in the 3rd quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 392 shares during the period. Beacon Financial Strategies CORP purchased a new stake in Exelon during the 4th quarter valued at $26,000. Elevation Point Wealth Partners LLC purchased a new stake in Exelon during the 2nd quarter valued at $29,000. Root Financial Partners LLC bought a new stake in Exelon in the third quarter worth $30,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Exelon in the third quarter worth $32,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of a number of analyst reports. Citigroup began coverage on shares of Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 price objective on the stock. UBS Group raised their target price on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wall Street Zen raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Morgan Stanley reiterated an “underperform” rating and set a $51.00 price target on shares of Exelon in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.40.

Exelon Stock Performance

Shares of Exelon stock opened at $49.02 on Wednesday. The stock’s fifty day moving average is $47.23 and its two-hundred day moving average is $45.85. The company has a market capitalization of $50.16 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.85 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52 week low of $41.71 and a 52 week high of $50.65.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. 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.