Essex LLC Has $2.20 Million Holdings in Exelon Corporation $EXC

Key Points

• Essex LLC increased its holdings in Exelon Corporation by 68.6% during the second quarter, now owning 50,546 shares valued at approximately $2.20 million.
• Exelon reported a 0.39 EPS for the last quarter, surpassing analysts' expectations, with a year-over-year revenue increase of 1.2%.
• Wall Street analysts have varied ratings for Exelon, with price targets ranging from $37.00 to $57.00, reflecting mixed outlooks on the stock's performance.

Essex LLC raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 68.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,546 shares of the company's stock after buying an additional 20,561 shares during the period. Essex LLC's holdings in Exelon were worth $2,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Hager Investment Management Services LLC lifted its holdings in Exelon by 100.0% during the 2nd 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 during the last quarter. 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 acquired a new stake in shares of Exelon during the 1st quarter worth about $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon during the 2nd quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon in the 1st quarter valued at about $42,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

NASDAQ EXC opened at $47.38 on Wednesday. The firm's 50 day simple moving average is $44.49 and its 200 day simple moving average is $44.37. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 2.90 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. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

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 business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were given 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 payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. KeyCorp lowered 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 reiterated a "buy (b-)" rating on shares of Exelon in a research note on Wednesday, October 8th. UBS Group lifted their price target on Exelon from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday. Morgan Stanley decreased their price objective on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Finally, Evercore ISI started coverage on Exelon in a research report on Monday, October 6th. They set an "outperform" rating and a $57.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.78.

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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