Global Financial Private Client LLC Acquires 17,577 Shares of Exelon Corporation $EXC

Key Points

• Global Financial Private Client LLC significantly increased its holdings in Exelon Corporation by 38,210.9% during the second quarter, now owning 17,623 shares worth approximately $765,000.
• Exelon released its quarterly earnings, reporting an EPS of $0.39, which surpassed analysts' expectations, while its revenue of $5.43 billion was slightly below estimates.
• The company declared a quarterly dividend of $0.40 per share, representing a 3.7% yield, with a dividend payout ratio of 60.84%.

Global Financial Private Client LLC lifted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 38,210.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,623 shares of the company's stock after purchasing an additional 17,577 shares during the quarter. Global Financial Private Client LLC's holdings in Exelon were worth $765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. acquired a new position in shares of Exelon in the 4th quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its position in shares of Exelon by 46.4% in 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 period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon in the 1st quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Exelon in the 1st quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Exelon in the 1st quarter valued at approximately $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 0.0%

Shares of Exelon stock traded down $0.01 on Monday, reaching $43.40. 4,537,357 shares of the company were exchanged, compared to its average volume of 5,335,119. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a market capitalization of $43.83 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.55 and a beta of 0.41. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average of $43.99 and a 200 day moving average of $44.19.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) 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 company had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business's 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. On average, equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon's dividend payout ratio is currently 60.84%.

Analysts Set New Price Targets

EXC has been the topic of several research reports. KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Morgan Stanley restated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group restated a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $47.33.

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.