LifeWealth Investments LLC Invests $369,000 in Exelon Corporation $EXC

Key Points

• LifeWealth Investments LLC has made a significant investment in Exelon Corporation, acquiring 8,500 shares valued at $369,000 during Q2 2023.
• Exelon recently announced a quarterly dividend of $0.40 per share, reflecting an annual yield of 3.3% and a dividend payout ratio of 60.84%.
• Analysts have given Exelon mixed ratings, with a consensus of "Hold" and a price target averaging $50.36, while Morgan Stanley raised its target price to $53.00.

LifeWealth Investments LLC acquired a new position in Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,500 shares of the company's stock, valued at approximately $369,000.

A number of other institutional investors have also made changes to their positions in the business. Hager Investment Management Services LLC increased its stake in Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company's stock valued at $29,000 after acquiring an additional 335 shares during the period. Hazlett Burt & Watson Inc. grew its stake 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 bought a new stake in shares of Exelon in the 1st quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon in the 2nd quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon in the 1st quarter valued at approximately $42,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BTIG Research assumed coverage on Exelon in a research note on Tuesday. They issued a "neutral" rating on the stock. Morgan Stanley boosted their target price on Exelon from $49.00 to $53.00 and gave the stock an "equal weight" rating in a report on Wednesday. Evercore ISI started coverage on Exelon in a research report on Monday, October 6th. They issued an "outperform" rating and a $57.00 price objective for the company. UBS Group lifted their price objective on Exelon from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $50.36.

Exelon Stock Performance

EXC stock opened at $48.11 on Thursday. The business's fifty day moving average is $44.83 and its 200-day moving average is $44.45. 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 company has a market cap of $48.59 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results 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. The firm had revenue of $5.43 billion during 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 company's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts forecast 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon's dividend 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.

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