Raymond James Financial Inc. Has $93.65 Million Stock Holdings in Exelon Corporation $EXC

Key Points

• Raymond James Financial Inc. increased its stake in Exelon Corporation by 215.0% in the first quarter, now owning approximately 2,032,264 shares valued at $93,647,000.
• Exelon announced a quarterly dividend of $0.40 per share, representing an annualized yield of 3.6% and a payout ratio of 60.84%.
• The company's recent earnings report showed $0.39 earnings per share, surpassing the consensus estimate, while revenue was $5.43 billion for the quarter.

Raymond James Financial Inc. lifted its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 215.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,032,264 shares of the company's stock after acquiring an additional 1,387,134 shares during the quarter. Raymond James Financial Inc. owned approximately 0.20% of Exelon worth $93,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXC. Ameriflex Group Inc. bought a new stake in shares of Exelon during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. raised its position in shares of 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 acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Exelon in the first quarter valued at about $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon in the first quarter valued at about $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in Exelon in the first quarter valued at about $50,000. Institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.7%

Shares of EXC stock traded up $0.32 on Friday, hitting $44.96. 3,729,983 shares of the stock were exchanged, compared to its average volume of 6,286,346. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $45.41 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The business has a 50-day moving average of $43.77 and a 200 day moving average of $44.12. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company 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%.Exelon's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio is 60.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Evercore ISI upped their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Guggenheim boosted their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets boosted their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $47.20.

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.