Napa Wealth Management Makes New Investment in Exelon Corporation $EXC

Key Points

• Napa Wealth Management purchased 17,029 shares of Exelon Corporation (NASDAQ:EXC) for approximately $785,000, marking a significant investment during the first quarter.
• Exelon recently reported a quarterly earnings per share (EPS) of $0.39, beating expectations, with revenue totaling $5.43 billion, slightly below analysts' forecasts.
• The company declared a quarterly dividend of $0.40 due on September 15th, representing an annual yield of 3.6% and a payout ratio of 60.84%.

Napa Wealth Management bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,029 shares of the company's stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXC. Providence Wealth Advisors LLC boosted its position in Exelon by 0.6% in the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock valued at $1,802,000 after buying an additional 217 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in 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 in the last quarter. CWM LLC boosted its position in Exelon by 0.7% in the first quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after buying an additional 226 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in Exelon by 2.4% in the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after buying an additional 230 shares in the last quarter. Finally, Centre Asset Management LLC boosted its position in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after buying an additional 233 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Trading Down 0.1%

NASDAQ EXC traded down $0.03 during trading hours on Wednesday, hitting $44.39. The company's stock had a trading volume of 6,118,915 shares, compared to its average volume of 7,307,371. The stock has a fifty day moving average of $43.85 and a 200 day moving average of $44.16. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The firm has a market capitalization of $44.83 billion, a P/E ratio of 16.88, a PEG ratio of 2.61 and a beta of 0.38. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for 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%. Exelon's 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 research analysts forecast 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 will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio (DPR) is 60.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXC shares. Guggenheim boosted their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI boosted their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Exelon currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Company Profile

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.