Fiduciary Alliance LLC Buys Shares of 14,728 Exelon Corporation $EXC

Key Points

• Fiduciary Alliance LLC has acquired a new stake in Exelon Corporation, purchasing 14,728 shares worth approximately $639,000 in the second quarter.
• Exelon reported a Q2 earnings per share (EPS) of $0.39, beating analyst expectations of $0.37, with quarterly revenue of $5.43 billion.
• The company's recently announced quarterly dividend of $0.40 per share represents a 3.7% dividend yield and indicates a payout ratio of 60.84%.

Fiduciary Alliance LLC bought a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,728 shares of the company's stock, valued at approximately $639,000.

A number of other large investors also recently modified their holdings of EXC. Nuveen LLC acquired a new position in shares of Exelon during the 1st quarter worth about $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Exelon by 43.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after purchasing an additional 3,878,687 shares during the period. ATLAS Infrastructure Partners UK Ltd. raised its holdings in shares of Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company's stock valued at $267,060,000 after purchasing an additional 3,815,722 shares during the period. AQR Capital Management LLC raised its holdings in shares of Exelon by 506.9% in the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company's stock valued at $143,163,000 after purchasing an additional 2,603,959 shares during the period. Finally, Electron Capital Partners LLC bought a new stake in shares of Exelon in the 1st quarter valued at about $117,274,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the topic of several research analyst reports. KeyCorp lowered their price target 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. UBS Group reiterated a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley restated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Trading Down 0.3%

NASDAQ EXC traded down $0.12 during mid-day trading on Thursday, reaching $43.11. 3,894,491 shares of the stock were exchanged, compared to its average volume of 4,974,067. 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 stock has a market cap of $43.54 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.54 and a beta of 0.41. The stock has a 50 day simple moving average of $43.99 and a 200-day simple moving average of $44.18.

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

Exelon Dividend Announcement

The company also recently declared 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 was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.7%. Exelon's payout ratio is 60.84%.

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.