Perpetual Ltd Makes New $282,000 Investment in Exelon Corporation $EXC

Key Points

• Perpetual Ltd has acquired a new stake in Exelon Corporation, purchasing 6,500 shares valued at approximately $282,000 in the second quarter.
• Exelon's latest earnings report showed an EPS of $0.39, exceeding estimates, while its revenue reached $5.43 billion, slightly below expectations.
• The company recently announced a quarterly dividend of $0.40 per share, representing a 3.7% dividend yield with a payout ratio of 60.84%.

Perpetual Ltd purchased a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,500 shares of the company's stock, valued at approximately $282,000.

Other hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Exelon in the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its stake 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 purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Exelon during the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon during the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Exelon during the 1st quarter worth $50,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

EXC traded down $0.01 on Monday, reaching $43.40. The company had a trading volume of 4,537,357 shares, compared to its average volume of 5,335,119. The business has a 50 day simple moving average of $43.99 and a 200 day simple moving average of $44.19. The company 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 company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Exelon'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. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.7%. Exelon's payout ratio is presently 60.84%.

Analysts Set New Price Targets

A number of research firms have recently commented on EXC. UBS Group reiterated a "neutral" rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley restated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, KeyCorp lowered 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 equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $47.33.

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.