USA Financial Formulas Boosts Stock Holdings in Exelon Corporation $EXC

USA Financial Formulas boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 78.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,460 shares of the company’s stock after acquiring an additional 25,639 shares during the period. Exelon accounts for 0.4% of USA Financial Formulas’ portfolio, making the stock its 28th largest holding. USA Financial Formulas’ holdings in Exelon were worth $2,538,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. grew its stake in Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock valued at $8,911,000 after acquiring an additional 150,876 shares in the last quarter. Arizona State Retirement System lifted its position in Exelon by 3.6% during the first quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after purchasing an additional 10,176 shares during the last quarter. Cerity Partners LLC lifted its position in Exelon by 14.9% during the first quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after purchasing an additional 63,009 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Exelon during the first quarter valued at $47,789,000. Finally, Intech Investment Management LLC lifted its position in Exelon by 24.6% during the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after purchasing an additional 8,809 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on EXC shares. KeyCorp lowered their price objective on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. UBS Group reiterated a “neutral” rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley lowered their price objective on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.44.

Exelon Price Performance

Exelon stock opened at $45.06 on Thursday. The firm has a 50-day moving average price of $44.13 and a 200-day moving average price of $44.22. The firm has a market capitalization of $45.51 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.