Board of the Pension Protection Fund Invests $1.22 Million in Exelon Corporation $EXC

Key Points

• The Board of the Pension Protection Fund has invested approximately $1.22 million in Exelon Corporation, acquiring 28,200 shares in the second quarter.
• Exelon announced a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 3.4%.
• Exelon reported $0.39 earnings per share for the last quarter, exceeding analysts' expectations, despite a slight decrease in revenue year-over-year.

Board of the Pension Protection Fund bought a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 28,200 shares of the company's stock, valued at approximately $1,224,000.

Several other institutional investors have also recently made changes to their positions in EXC. Farther Finance Advisors LLC grew its stake in shares of Exelon by 126.0% in the 1st quarter. Farther Finance Advisors LLC now owns 13,972 shares of the company's stock worth $642,000 after acquiring an additional 7,789 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Exelon by 26.9% in the 1st quarter. GAMMA Investing LLC now owns 19,751 shares of the company's stock worth $910,000 after buying an additional 4,183 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Exelon by 714.7% in the 1st quarter. SG Americas Securities LLC now owns 84,962 shares of the company's stock worth $3,915,000 after buying an additional 74,534 shares during the last quarter. CX Institutional purchased a new position in shares of Exelon in the 1st quarter worth about $276,000. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Exelon by 28.2% in the 1st quarter. Simon Quick Advisors LLC now owns 7,386 shares of the company's stock worth $340,000 after buying an additional 1,624 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Trading Up 0.9%

Shares of Exelon stock opened at $47.07 on Friday. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.76 and a beta of 0.40. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company's 50-day moving average price is $44.41 and its 200-day moving average price is $44.33.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The company'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. On average, equities analysts expect 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. Stockholders of record on Monday, August 11th were issued a $0.40 dividend. 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 presently 60.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXC. 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a report on Wednesday. Evercore ISI assumed coverage on shares of Exelon in a report on Monday, October 6th. They set an "outperform" rating and a $57.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Finally, UBS Group upped their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exelon has a consensus rating of "Hold" and a consensus target price of $48.33.

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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