Exelon Corporation $EXC Shares Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Exelon Corporation by 8.7% during the second quarter, reaching a total of 160,352 shares valued at approximately $6.96 million.
• Exelon reported earnings per share (EPS) of $0.39 for the recent quarter, surpassing analysts' expectations, while its quarterly revenue was $5.43 billion, slightly below projections.
• The company announced a quarterly dividend of $0.40 per share, equating to an annualized dividend yield of 3.5% with a payout ratio of 60.84%.

Janney Montgomery Scott LLC increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 8.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,352 shares of the company's stock after acquiring an additional 12,883 shares during the quarter. Janney Montgomery Scott LLC's holdings in Exelon were worth $6,963,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Providence Wealth Advisors LLC grew its holdings in shares of Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares in the last quarter. CWM LLC grew its holdings in shares of Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after buying an additional 226 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after buying an additional 230 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Exelon by 0.6% during the first quarter. Focus Partners Wealth now owns 39,831 shares of the company's stock valued at $1,836,000 after buying an additional 234 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $45.34 on Monday. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The business has a 50-day moving average of $44.18 and a two-hundred day moving average of $44.23. The stock has a market capitalization of $45.79 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.66 and a beta of 0.40. 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 (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon's payout ratio is presently 60.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXC. Morgan Stanley lowered their price target on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a report on Saturday, September 27th. KeyCorp lowered their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.44.

Exelon 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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