Mirae Asset Global Investments Co. Ltd. Acquires 32,836 Shares of Exelon Corporation $EXC

Key Points

• Mirae Asset Global Investments increased its stake in Exelon Corporation by 9.5%, acquiring an additional 32,836 shares to reach a total of 377,926 shares valued at approximately $16.41 million.
• Exelon recently announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 3.5% and a payout ratio of 60.84%.
• Despite a mixed rating from analysts, Exelon has a consensus rating of "Hold" with an average price target of $47.44, as various firms have updated their price objectives for the stock.

Mirae Asset Global Investments Co. Ltd. raised its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 9.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 377,926 shares of the company's stock after acquiring an additional 32,836 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Exelon were worth $16,410,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EXC. Merit Financial Group LLC lifted its stake in Exelon by 266.6% in the 1st quarter. Merit Financial Group LLC now owns 19,935 shares of the company's stock valued at $919,000 after acquiring an additional 14,497 shares in the last quarter. Curat Global LLC bought a new stake in Exelon in the 1st quarter valued at approximately $112,000. Procyon Advisors LLC bought a new stake in Exelon in the 1st quarter valued at approximately $230,000. Gateway Investment Advisers LLC bought a new stake in Exelon in the 1st quarter valued at approximately $217,000. Finally, Sivia Capital Partners LLC bought a new stake in Exelon in the 1st quarter valued at approximately $204,000. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EXC. Weiss Ratings restated a "buy (b-)" rating on shares of Exelon in a research note on Saturday, September 27th. Morgan Stanley dropped their price objective on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. UBS Group reiterated 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. Finally, KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $47.44.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $45.34 on Friday. 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 stock's fifty day moving average price is $44.18 and its two-hundred day moving average price is $44.23. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The firm has a market cap of $45.79 billion, a price-to-earnings 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm 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 firm posted $0.47 EPS. The company's revenue for the quarter 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, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's dividend payout ratio is 60.84%.

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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