FCG Investment Co Makes New $895,000 Investment in Exelon Corporation $EXC

Key Points

• FCG Investment Co has made a new investment of $895,000 in Exelon Corporation, acquiring 20,624 shares in the second quarter.
• Exelon has reported earnings of $0.39 EPS for the latest quarter, exceeding the consensus estimate of $0.37, despite a revenue of $5.43 billion which was below expectations.
• The company has announced a quarterly dividend of $0.40, resulting in an annualized dividend yield of 3.7% with a payout ratio of 60.84%.

FCG Investment Co bought a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,624 shares of the company's stock, valued at approximately $895,000.

Several other hedge funds also recently modified their holdings of the business. Providence Wealth Advisors LLC increased its stake in shares of Exelon by 0.6% during the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after purchasing an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. CWM LLC increased its stake in shares of Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock worth $1,556,000 after purchasing an additional 226 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock worth $450,000 after purchasing an additional 230 shares during the last quarter. Finally, Centre Asset Management LLC increased its stake in shares of Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

Shares of EXC opened at $43.78 on Friday. The company has a market capitalization of $44.22 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company's fifty day moving average price is $44.06 and its 200 day moving average price is $44.19.

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

Exelon Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Analysts Set New Price Targets

Several research analysts have recently commented on EXC shares. Morgan Stanley dropped their price target on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday. UBS Group restated a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, KeyCorp dropped their target price 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. Three research 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. Based on data from MarketBeat.com, Exelon has a consensus rating of "Hold" and an average price target of $47.44.

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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