Leo Wealth LLC Acquires Shares of 31,496 Exelon Corporation $EXC

Key Points

• Leo Wealth LLC has acquired 31,496 shares of Exelon Corporation, valued at approximately $1.37 million, marking a significant investment in the company.
• Exelon reported earnings of $0.39 per share, surpassing analysts' estimates, and announced a quarterly dividend of $0.40 per share, reflecting a yield of 3.4%.
• Institutional investors hold a substantial 80.92% of Exelon’s stock, underscoring strong interest from larger investors in the utility sector.

Leo Wealth LLC acquired a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 31,496 shares of the company's stock, valued at approximately $1,368,000.

A number of other institutional investors also recently modified their holdings of EXC. Hager Investment Management Services LLC raised its holdings in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company's stock worth $29,000 after buying an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings 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 buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon during the 1st quarter worth $34,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Exelon during the 2nd quarter worth $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Exelon during the 1st quarter worth $42,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

Shares of EXC opened at $46.66 on Friday. The business has a 50-day moving average of $44.36 and a 200-day moving average of $44.30. 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 company has a market capitalization of $47.13 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.40. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EXC shares. 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. Morgan Stanley lowered their price target on Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Evercore ISI began coverage on Exelon in a report on Monday. They issued an "outperform" rating and a $57.00 target price for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Exelon in a report on Wednesday. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $48.11.

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.

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