Apollon Wealth Management LLC Acquires 7,917 Shares of Exelon Corporation $EXC

Key Points

• Apollon Wealth Management LLC increased its stake in Exelon Corporation by 40.6%, acquiring an additional 7,917 shares, bringing its total holdings to 27,437 shares valued at approximately $1.19 million.
• Institutional investors now own 80.92% of Exelon stock, with various hedge funds making significant changes to their positions in the company during the second quarter.
• Exelon reported earnings of $0.39 per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.40 per share, reflecting a 3.4% yield.

Apollon Wealth Management LLC boosted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 40.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,437 shares of the company's stock after acquiring an additional 7,917 shares during the period. Apollon Wealth Management LLC's holdings in Exelon were worth $1,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its stake in 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 acquiring an additional 335 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in Exelon in the 1st quarter valued at about $34,000. Investment Research & Advisory Group Inc. bought a new stake in Exelon in the 2nd quarter valued at about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon in the 1st quarter valued at about $42,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp lowered their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. 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. Evercore ISI began coverage on Exelon in a research report on Monday, October 6th. They set an "outperform" rating and a $57.00 price target on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a research report on Wednesday, October 8th. Finally, Barclays upped their price target on Exelon from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Exelon has a consensus rating of "Hold" and an average target price of $48.78.

Exelon Stock Up 1.1%

Shares of EXC opened at $47.38 on Wednesday. The firm has a market cap of $47.85 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.90 and a beta of 0.40. Exelon Corporation has a 1 year low of $35.94 and a 1 year 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 50 day simple moving average of $44.49 and a two-hundred day simple moving average of $44.37.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The firm 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%.The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's dividend payout ratio is 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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.