Advisors Asset Management Inc. Buys 21,023 Shares of Exelon Corporation $EXC

Key Points

• Advisors Asset Management Inc. has increased its stake in Exelon Corporation by 160.1%, now holding 34,151 shares worth approximately $1.57 million.
• Exelon reported $0.39 EPS for the last quarter, surpassing analysts' expectations of $0.37, with a revenue of $5.43 billion.
• The company announced a quarterly dividend of $0.40 per share with an annualized yield of 3.7%, payable on September 15th.

Advisors Asset Management Inc. grew its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 160.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,151 shares of the company's stock after buying an additional 21,023 shares during the quarter. Advisors Asset Management Inc.'s holdings in Exelon were worth $1,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Providence Wealth Advisors LLC increased 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 worth $1,802,000 after purchasing an additional 217 shares during the period. Hazlett Burt & Watson Inc. increased its position in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the period. CWM LLC increased its position in Exelon by 0.7% in the first quarter. CWM LLC now owns 33,775 shares of the company's stock worth $1,556,000 after purchasing an additional 226 shares during the period. Catalyst Financial Partners LLC increased 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 worth $450,000 after purchasing an additional 230 shares during the period. Finally, Centre Asset Management LLC increased 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 worth $349,000 after purchasing an additional 233 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on EXC shares. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. UBS Group restated a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, KeyCorp reduced their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Five 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. Based on data from MarketBeat, Exelon presently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Up 0.2%

Shares of EXC traded up $0.07 on Tuesday, hitting $43.09. The company's stock had a trading volume of 3,656,575 shares, compared to its average volume of 5,329,962. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm's fifty day moving average price is $43.99 and its 200-day moving average price is $44.21. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm has a market capitalization of $43.52 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 2.52 and a beta of 0.41.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts expect that Exelon Corporation will post 2.64 EPS for the current 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 paid a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.7%. Exelon's payout ratio is presently 60.84%.

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.