Richardson Financial Services Inc. bought a new stake in Exelon Corporation (NASDAQ:EXC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,720 shares of the company’s stock, valued at approximately $118,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC grew its position in shares of Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon in the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Exelon in the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon in the 1st quarter worth $42,000. 80.92% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently weighed in on EXC. Evercore ISI began coverage on shares of Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. UBS Group upped their price objective on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday. KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Morgan Stanley reduced their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.33.
Exelon Price Performance
Shares of NASDAQ EXC opened at $47.07 on Friday. The business has a 50-day moving average of $44.41 and a 200-day moving average of $44.33. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The stock has a market capitalization of $47.54 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.76 and a beta of 0.40.
Exelon (NASDAQ:EXC – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.
Exelon Dividend Announcement
The company also recently declared 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 was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Exelon’s dividend payout ratio (DPR) 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.
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