Exelon Corporation $EXC Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Exelon Corporation by 11.8%, owning 12,531,900 shares valued at approximately $577,470,000 after purchasing additional shares during the first quarter.
• Analysts have recently updated their price targets for Exelon, with several firms setting targets at $50.00, indicating a positive outlook, while the consensus price target stands at $47.20.
• Exelon announced a quarterly dividend of $0.40 per share, which implies an annual yield of 3.6% and reflects a payout ratio of 60.84%.

Northern Trust Corp lifted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,531,900 shares of the company's stock after purchasing an additional 1,319,637 shares during the quarter. Northern Trust Corp owned 1.24% of Exelon worth $577,470,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EXC. Ameriflex Group Inc. bought a new position in shares of Exelon during the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. increased its position in shares of Exelon by 46.4% during the 1st 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 last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Exelon during the 1st quarter valued at about $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Exelon during the 1st quarter valued at about $42,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Exelon during the 1st quarter valued at about $50,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Evercore ISI raised their price target on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Guggenheim raised their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, KeyCorp reduced their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $47.20.

Exelon Stock Up 0.7%

Shares of EXC stock traded up $0.32 during mid-day trading on Friday, hitting $44.96. The company's stock had a trading volume of 3,729,983 shares, compared to its average volume of 6,286,346. The stock has a market cap of $45.41 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.62 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The business has a 50-day moving average price of $43.77 and a 200 day moving average price of $44.10.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The business's quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

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.