Costello Asset Management INC Has $758,000 Stake in Exelon Corporation $EXC

Key Points

• Costello Asset Management INC increased its stake in Exelon Corporation by 72% in Q2, now holding a total of 17,453 shares valued at $758,000.
• Exelon recently reported an earnings per share (EPS) of $0.39, exceeding analyst expectations of $0.37 and showing revenue of $5.43 billion for the quarter.
• The company declared a quarterly dividend of $0.40, resulting in an annualized yield of 3.4%, with a payout ratio of 60.84%.

Costello Asset Management INC raised its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 72.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,453 shares of the company's stock after buying an additional 7,308 shares during the period. Costello Asset Management INC's holdings in Exelon were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Argyle Capital Management LLC increased its holdings in shares of Exelon by 1.3% in the second quarter. Argyle Capital Management LLC now owns 32,342 shares of the company's stock valued at $1,404,000 after purchasing an additional 400 shares in the last quarter. Callan Family Office LLC boosted its position in shares of Exelon by 213.3% during the second quarter. Callan Family Office LLC now owns 18,075 shares of the company's stock worth $785,000 after purchasing an additional 12,306 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Exelon by 2.4% during the second quarter. Blair William & Co. IL now owns 48,228 shares of the company's stock worth $2,094,000 after purchasing an additional 1,142 shares in the last quarter. Leo Wealth LLC bought a new position in shares of Exelon during the second quarter worth $1,368,000. Finally, Hager Investment Management Services LLC boosted its position 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 worth $29,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

Shares of Exelon stock opened at $46.66 on Friday. 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 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 $47.13 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.73 and a beta of 0.40. The company's 50 day moving average price is $44.36 and its two-hundred day moving average price is $44.30.

Exelon (NASDAQ:EXC - Get Free Report) last issued its 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 return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities 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. Investors of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio is presently 60.84%.

Analyst Ratings Changes

EXC has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Exelon in a research report on Wednesday. Morgan Stanley lowered their price objective on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. KeyCorp lowered their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Evercore ISI began coverage on shares of Exelon in a research note on Monday. They issued an "outperform" rating and a $57.00 price target on the stock. Finally, UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $48.11.

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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