NorthCrest Asset Manangement LLC Invests $269,000 in Exelon Corporation $EXC

Key Points

• NorthCrest Asset Management LLC has acquired 6,231 shares of Exelon Corporation, valued at approximately $269,000, during the second quarter.
• Exelon has reported $0.39 earnings per share (EPS) for the last quarter, surpassing the consensus estimate of $0.37, with a 1.2% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.40 per share, representing a 3.7% dividend yield, with a payout ratio of 60.84%.

NorthCrest Asset Manangement LLC purchased a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,231 shares of the company's stock, valued at approximately $269,000.

Several other hedge funds have also recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in shares of Exelon in the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. grew its stake in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon during the first quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon in the 1st quarter valued at $42,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Exelon in the first quarter valued at about $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXC. Morgan Stanley restated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Finally, UBS Group restated 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. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.33.

Exelon Stock Performance

Exelon stock traded down $0.01 during mid-day trading on Monday, hitting $43.40. 4,537,357 shares of the company's stock traded hands, compared to its average volume of 5,335,119. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The stock has a market cap of $43.83 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 2.55 and a beta of 0.41. The firm has a 50 day simple moving average of $43.99 and a two-hundred day simple moving average of $44.19. 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 posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm'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, research analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio is presently 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.