Cresset Asset Management LLC Has $1.66 Million Stock Holdings in Exelon Corporation $EXC

Key Points

• Cresset Asset Management LLC increased its holdings in Exelon Corporation by 359% during the first quarter, owning 36,096 shares valued at approximately $1.66 million.
• Analysts have varied target price changes for Exelon, with Guggenheim raising its target from $47 to $50 and BMO Capital Markets also adjusting it to $50, indicating a positive outlook.
• The company announced a quarterly dividend of $0.40, equating to an annual yield of 3.6%, which reflects Exelon's commitment to returning value to shareholders.

Cresset Asset Management LLC grew its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 359.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,096 shares of the company's stock after purchasing an additional 28,232 shares during the quarter. Cresset Asset Management LLC's holdings in Exelon were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXC. Ameriflex Group Inc. bought a new position in shares of Exelon in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. raised its position in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in shares of Exelon in the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Exelon in the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC bought a new position in Exelon during the first quarter worth $50,000. Institutional investors own 80.92% of the company's stock.

Exelon Stock Performance

Exelon stock traded down $0.18 on Tuesday, hitting $44.42. The company's stock had a trading volume of 9,450,377 shares, compared to its average volume of 6,170,572. The firm has a market cap of $44.86 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a fifty day moving average price of $43.85 and a 200-day moving average price of $44.16. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11.

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, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is 60.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Guggenheim boosted their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. KeyCorp dropped their target price 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. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five 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. Based on data from MarketBeat, Exelon currently has a consensus rating of "Hold" and an average price target of $47.20.

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.