Flputnam Investment Management Co. Acquires New Holdings in Exelon Corporation $EXC

Key Points

• Flputnam Investment Management Co. has acquired a new stake in Exelon Corporation, purchasing 130,778 shares valued at approximately $6,026,000 in the first quarter.
• Exelon recently reported a quarterly earnings per share of $0.39, exceeding analysts' expectations, with a revenue of $5.43 billion.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.7%, with a payout ratio of 60.84%.

Flputnam Investment Management Co. purchased a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 130,778 shares of the company's stock, valued at approximately $6,026,000.

A number of other large investors have also recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new position in Exelon during the fourth quarter valued at $25,000. Hazlett Burt & Watson Inc. grew 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 period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon in the 1st quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Exelon during the first quarter worth $42,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Exelon in the first quarter worth about $50,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley restated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Exelon presently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Trading Down 0.1%

Shares of EXC traded down $0.04 during mid-day trading on Thursday, reaching $43.34. The stock had a trading volume of 5,274,438 shares, compared to its average volume of 7,254,841. 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 business's fifty day moving average is $43.97 and its 200 day moving average is $44.20. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The firm has a market cap of $43.77 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.56 and a beta of 0.41.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business 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 for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon's payout ratio is currently 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.