Lbp Am Sa Purchases 23,169 Shares of Exelon Corporation $EXC

Key Points

• Lbp Am Sa has increased its stake in Exelon Corporation by 17.3% during the second quarter, acquiring 23,169 shares to bring its total holdings to 157,274 shares valued at $6,829,000.
• Exelon reported earnings of $0.39 per share for the last quarter, exceeding expectations, with a revenue of $5.43 billion and a net margin of 11.16%.
• The company recently announced a quarterly dividend of $0.40 per share, reflecting a 3.6% yield and a payout ratio of 60.84%.

Lbp Am Sa grew its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,274 shares of the company's stock after buying an additional 23,169 shares during the quarter. Lbp Am Sa's holdings in Exelon were worth $6,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA grew its stake in Exelon by 10.4% during the second quarter. Union Bancaire Privee UBP SA now owns 13,344 shares of the company's stock worth $579,000 after buying an additional 1,252 shares during the last quarter. Trivium Point Advisory LLC bought a new stake in Exelon during the second quarter worth about $351,000. Capital Investment Advisors LLC grew its stake in Exelon by 35.0% during the second quarter. Capital Investment Advisors LLC now owns 6,335 shares of the company's stock worth $275,000 after buying an additional 1,644 shares during the last quarter. Centennial Wealth Advisory LLC bought a new stake in Exelon during the second quarter worth about $455,000. Finally, Janney Montgomery Scott LLC grew its stake in Exelon by 8.7% during the second quarter. Janney Montgomery Scott LLC now owns 160,352 shares of the company's stock worth $6,963,000 after buying an additional 12,883 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 0.1%

Shares of NASDAQ EXC opened at $45.06 on Thursday. The company's 50 day simple moving average is $44.13 and its 200 day simple moving average is $44.22. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm has a market capitalization of $45.51 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.64 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data 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. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the business posted $0.47 earnings per share. Exelon'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, analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company 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 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's dividend payout ratio is presently 60.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXC. Morgan Stanley reduced their target price 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. KeyCorp reduced their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Three investment 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, the company has an average rating of "Hold" and an average target price of $47.44.

Exelon Company 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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