Exelon Corporation $EXC Shares Purchased by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Exelon Corporation by 6.6%, owning a total of 425,514 shares valued at approximately $19.6 million after additional purchases during the first quarter.
• Exelon announced a quarterly dividend of $0.40 per share, set to be paid on September 15th, yielding 3.6% with a payout ratio of 60.84%.
• Analysts maintain a consensus "Hold" rating for Exelon’s stock, with a consensus target price of $47.20 across various research ratings.

Credit Agricole S A lifted its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,514 shares of the company's stock after buying an additional 26,415 shares during the period. Credit Agricole S A's holdings in Exelon were worth $19,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EXC. NewEdge Advisors LLC grew its position in Exelon by 25.7% during the 4th quarter. NewEdge Advisors LLC now owns 39,067 shares of the company's stock worth $1,470,000 after purchasing an additional 7,984 shares during the last quarter. Commerce Bank grew its position in Exelon by 1.2% during the 4th quarter. Commerce Bank now owns 49,895 shares of the company's stock worth $1,878,000 after purchasing an additional 605 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Exelon by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,343,943 shares of the company's stock worth $125,866,000 after purchasing an additional 34,219 shares during the last quarter. MetLife Investment Management LLC grew its position in Exelon by 2.3% during the 4th quarter. MetLife Investment Management LLC now owns 265,883 shares of the company's stock worth $10,008,000 after purchasing an additional 5,851 shares during the last quarter. Finally, MML Investors Services LLC grew its position in Exelon by 14.2% during the 4th quarter. MML Investors Services LLC now owns 81,310 shares of the company's stock worth $3,061,000 after purchasing an additional 10,087 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC traded up $0.32 during midday trading on Friday, hitting $44.96. The company had a trading volume of 3,729,983 shares, compared to its average volume of 6,286,346. 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 twelve month low of $35.94 and a twelve month high of $48.11. The business has a 50-day simple moving average of $43.77 and a two-hundred day simple moving average of $44.10. The firm has a market capitalization of $45.41 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter last year, the business earned $0.47 earnings per share. 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. Equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon's dividend payout ratio (DPR) is 60.84%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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 report on Wednesday, July 16th. Evercore ISI raised their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Guggenheim raised their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. BMO Capital Markets raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Morgan Stanley reduced their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $47.20.

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.