Exelon Corporation $EXC Shares Bought by Huntington National Bank

Huntington National Bank boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,655 shares of the company’s stock after acquiring an additional 1,253 shares during the period. Huntington National Bank’s holdings in Exelon were worth $2,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Providence Wealth Advisors LLC raised its position in Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares in the last quarter. CWM LLC grew its holdings in shares of Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after buying an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Exelon by 4.8% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after buying an additional 229 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in shares of Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $46.15 on Thursday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The firm has a 50 day moving average price of $45.32 and a 200 day moving average price of $44.53. The company has a market cap of $46.61 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.93 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last released its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 60.84%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of recent research reports. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a report on Wednesday, October 15th. Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen initiated coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $50.55.

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.