Exelon Corporation $EXC Shares Acquired by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its stake in Exelon Corporation by 25.7% in the second quarter, holding 133,110 shares worth approximately $5.78 million.
• Analysts have varied target price projections for Exelon: KeyCorp raised its target price to $42, while Barclays increased it to $52, indicating mixed sentiments on the stock's future performance.
• Exelon recently announced a quarterly dividend of $0.40 per share, with an annualized yield of 3.3%, reflecting a solid payout ratio of 60.84%.

Generali Asset Management SPA SGR raised its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 25.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,110 shares of the company's stock after acquiring an additional 27,252 shares during the quarter. Generali Asset Management SPA SGR's holdings in Exelon were worth $5,780,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EXC. GAMMA Investing LLC boosted its position in shares of Exelon by 26.9% during the 1st quarter. GAMMA Investing LLC now owns 19,751 shares of the company's stock worth $910,000 after acquiring an additional 4,183 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Exelon by 141.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after acquiring an additional 157,548 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Exelon by 182.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 28,174 shares of the company's stock valued at $1,298,000 after acquiring an additional 18,201 shares during the last quarter. Brighton Jones LLC acquired a new position in Exelon during the 1st quarter worth approximately $226,000. Finally, Janney Montgomery Scott LLC acquired a new position in Exelon during the 1st quarter worth approximately $6,795,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXC. KeyCorp increased their target price on Exelon from $37.00 to $42.00 and gave the company an "underweight" rating in a report on Wednesday. Morgan Stanley cut their target price on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Barclays increased their target price on Exelon from $48.00 to $52.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group raised their price objective on Exelon from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group set a $57.00 target price on Exelon in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $50.10.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $47.83 on Thursday. The firm's 50-day moving average price is $44.55 and its two-hundred day moving average price is $44.39. The stock has a market capitalization of $48.31 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.93 and a beta of 0.40. 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.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.3%. Exelon's 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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