Ascent Group LLC Invests $1.31 Million in Exelon Corporation $EXC

Key Points

• Ascent Group LLC has invested approximately $1.31 million in Exelon Corporation, purchasing 30,084 shares during the second quarter.
• Exelon reported an earnings per share (EPS) of $0.39 for the last quarter, exceeding analyst estimates of $0.37, with a revenue of $5.43 billion.
• The company has declared a quarterly dividend of $0.40, translating to an annual yield of 3.5%, with a dividend payout ratio of 60.84%.

Ascent Group LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,084 shares of the company's stock, valued at approximately $1,306,000.

Other institutional investors have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised 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 acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the 1st quarter worth about $34,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Exelon during the 2nd quarter valued at about $39,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon during the 1st quarter valued at about $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Exelon in the 1st quarter valued at approximately $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 0.8%

EXC stock opened at $45.34 on Monday. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40. The company has a 50-day moving average of $44.18 and a two-hundred day moving average of $44.23. Exelon Corporation has a 52-week low of $35.94 and a 52-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.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current 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 $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXC. UBS Group reiterated a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. KeyCorp cut their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Morgan Stanley decreased their price objective on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $47.44.

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.

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