Hennessy Advisors Inc. Increases Position in Exelon Corporation $EXC

Key Points

• Hennessy Advisors Inc. increased its stake in Exelon Corporation by 5.3% in the 2nd quarter, owning 151,731 shares valued at approximately $6.59 million.
• Exelon reported $0.39 EPS for the last quarter, exceeding analyst expectations, but revenues fell slightly short at $5.43 billion.
• The company announced a quarterly dividend of $0.40, translating to an annual yield of 3.5%, with a payout ratio of 60.84%.

Hennessy Advisors Inc. increased its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,731 shares of the company's stock after acquiring an additional 7,700 shares during the quarter. Hennessy Advisors Inc.'s holdings in Exelon were worth $6,588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EXC. Hazlett Burt & Watson Inc. raised 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 in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon in the first quarter valued at $34,000. Investment Research & Advisory Group Inc. bought a new position in Exelon during the 2nd quarter valued at $39,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon during the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Exelon in the 1st quarter worth about $50,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $45.34 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm's 50-day moving average price is $44.18 and its two-hundred day moving average price is $44.23. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock has a market capitalization of $45.79 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.66 and a beta of 0.40.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley reduced 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 report on Thursday, September 25th. UBS Group restated a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Exelon in a report on Saturday, September 27th. Finally, KeyCorp lowered their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $47.44.

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.

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