Exelon Corporation $EXC Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Exelon Corporation by 53% during the first quarter, owning 59,754 shares worth approximately $2.75 million.
• Exelo reported an earnings per share (EPS) of $0.39, exceeding analyst expectations of $0.37, while revenue for the quarter was $5.43 billion, slightly below the forecasted $5.47 billion.
• The company announced a quarterly dividend of $0.40 per share, reflecting a 3.7% dividend yield, with a payout ratio of 60.84%.

NewEdge Advisors LLC lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 53.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,754 shares of the company's stock after acquiring an additional 20,687 shares during the period. NewEdge Advisors LLC's holdings in Exelon were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Exelon during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Exelon during the first quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon during the first quarter worth $42,000. Finally, Opal Wealth Advisors LLC acquired a new position in Exelon during the first quarter worth $50,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

NASDAQ:EXC opened at $43.32 on Thursday. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. 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 market capitalization of $43.75 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.53 and a beta of 0.41. The stock's fifty day moving average is $44.00 and its two-hundred day moving average is $44.21.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group reissued a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, KeyCorp lowered their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.

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