Blue Trust Inc. Acquires 955 Shares of Exelon Corporation $EXC

Blue Trust Inc. lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 16.2% during the second quarter, HoldingsChannel reports. The firm owned 6,844 shares of the company’s stock after purchasing an additional 955 shares during the quarter. Blue Trust Inc.’s holdings in Exelon were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock valued at $5,894,417,000 after acquiring an additional 581,686 shares during the period. Deutsche Bank AG raised its stake in Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after acquiring an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock valued at $729,777,000 after acquiring an additional 106,917 shares during the period. Invesco Ltd. raised its stake in Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after acquiring an additional 83,518 shares during the period. Finally, Northern Trust Corp raised its stake in Exelon by 11.8% in the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock valued at $577,470,000 after acquiring an additional 1,319,637 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EXC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. UBS Group boosted their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday. Barclays boosted their price objective on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley decreased their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.78.

Exelon Stock Up 1.1%

Shares of NASDAQ EXC opened at $47.38 on Wednesday. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.90 and a beta of 0.40. The business has a 50-day moving average of $44.49 and a 200-day moving average of $44.37.

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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Exelon’s revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 yield of 3.4%. Exelon’s dividend payout ratio is currently 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.