31,496 Shares in Exelon Corporation $EXC Acquired by Leo Wealth LLC

Leo Wealth LLC bought a new position in Exelon Corporation (NASDAQ:EXC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 31,496 shares of the company’s stock, valued at approximately $1,368,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Miracle Mile Advisors LLC bought a new position in shares of Exelon during the 1st quarter worth approximately $204,000. Park Avenue Securities LLC boosted its holdings in shares of Exelon by 47.9% during the 1st quarter. Park Avenue Securities LLC now owns 29,059 shares of the company’s stock worth $1,339,000 after buying an additional 9,405 shares in the last quarter. Capital Investment Advisors LLC bought a new position in shares of Exelon during the 1st quarter worth approximately $216,000. Farther Finance Advisors LLC boosted its holdings in shares of Exelon by 126.0% during the 1st quarter. Farther Finance Advisors LLC now owns 13,972 shares of the company’s stock worth $642,000 after buying an additional 7,789 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Exelon by 65.1% during the 1st quarter. Pallas Capital Advisors LLC now owns 9,109 shares of the company’s stock worth $420,000 after buying an additional 3,591 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. UBS Group restated a “neutral” rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. Morgan Stanley cut their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Evercore ISI initiated coverage on Exelon in a report on Monday. They issued an “outperform” rating and a $57.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.11.

Exelon Stock Performance

Shares of Exelon stock opened at $46.66 on Friday. The company has a market cap of $47.13 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.40. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The business has a 50 day moving average price of $44.36 and a 200-day moving average price of $44.30. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 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 the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.4%. Exelon’s dividend payout ratio is 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.