IFM Investors Pty Ltd Purchases 25,449 Shares of Exelon Corporation $EXC

Key Points

• IFM Investors Pty Ltd increased its stake in Exelon Corporation by 9.7% during the second quarter, owning 288,877 shares worth approximately $12.54 million.
• Exelon reported earnings of $0.39 per share, surpassing expectations, but revenue of $5.43 billion fell short of the forecasted $5.47 billion.
• The company announced a quarterly dividend of $0.40 per share, translating to an annual yield of 3.7%, with a payout ratio of about 60.84%.

IFM Investors Pty Ltd increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,877 shares of the company's stock after purchasing an additional 25,449 shares during the quarter. IFM Investors Pty Ltd's holdings in Exelon were worth $12,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EXC. Trust Point Inc. lifted its holdings in shares of Exelon by 8.1% during the 2nd quarter. Trust Point Inc. now owns 5,875 shares of the company's stock valued at $255,000 after buying an additional 438 shares during the last quarter. Global Financial Private Client LLC increased its position in shares of Exelon by 38,210.9% during the second quarter. Global Financial Private Client LLC now owns 17,623 shares of the company's stock valued at $765,000 after purchasing an additional 17,577 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in shares of Exelon during the second quarter valued at approximately $269,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Exelon by 32.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 357,482 shares of the company's stock valued at $15,418,000 after purchasing an additional 88,381 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in Exelon by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 376,100 shares of the company's stock valued at $16,330,000 after acquiring an additional 7,500 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXC. UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. 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. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $47.33.

Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.22 during mid-day trading on Tuesday, hitting $43.62. The company had a trading volume of 812,877 shares, compared to its average volume of 7,091,921. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The stock's 50-day moving average price is $43.99 and its 200-day moving average price is $44.19. 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 market capitalization of $44.05 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.55 and a beta of 0.41.

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

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend 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.