Chevy Chase Trust Holdings LLC Increases Stake in Exelon Corporation $EXC

Key Points

• Chevy Chase Trust Holdings LLC has increased its stake in Exelon Corporation by 1.3%, owning approximately $23.24 million worth of shares after acquiring an additional 6,844 shares in the second quarter.
• Analyst ratings for Exelon are mixed, with six recommending a Buy, five a Hold, and one a Sell; the current consensus rating is Hold with an average target price of $50.
• Exelon reported a quarterly EPS of $0.39, surpassing analysts' estimates, and also announced a quarterly dividend of $0.40, reflecting a dividend yield of 3.3%.

Chevy Chase Trust Holdings LLC increased its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 535,229 shares of the company's stock after acquiring an additional 6,844 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Exelon worth $23,240,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC boosted its stake in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company's stock valued at $29,000 after purchasing an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in 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 buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in Exelon during the first quarter valued at about $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon during the second quarter valued at about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXC shares. TD Cowen assumed coverage on Exelon in a research report on Thursday. They issued a "hold" rating and a $49.00 price objective for the company. KeyCorp raised their price target on Exelon from $37.00 to $42.00 and gave the stock an "underweight" rating in a report on Wednesday. Evercore ISI began 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. Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a research report on Wednesday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $50.00.

Exelon Trading Up 0.9%

Shares of NASDAQ:EXC opened at $47.78 on Friday. 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 Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock has a market cap of $48.26 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.96 and a beta of 0.40. The business has a 50-day moving average price of $44.63 and a 200-day moving average price of $44.40.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Exelon'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. Equities analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.3%. Exelon's dividend payout ratio is presently 60.84%.

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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