Scientech Research LLC Makes New $1.07 Million Investment in Exelon Corporation $EXC

Key Points

• Scientech Research LLC invested approximately $1,072,000 in Exelon Corporation by purchasing 23,264 shares in the first quarter, marking a significant addition to its portfolio.
• Exelon reported a quarterly earnings per share (EPS) of $0.39, exceeding analyst expectations of $0.37, while generating revenues of $5.43 billion, slightly below the forecast.
• The company declared a quarterly dividend of $0.40, reflecting an annualized dividend of $1.60 and a yield of 3.7%, with a payout ratio of 60.84%.

Scientech Research LLC bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,264 shares of the company's stock, valued at approximately $1,072,000.

A number of other institutional investors also recently bought and sold shares of EXC. Parallax Volatility Advisers L.P. bought a new stake in shares of Exelon in the first quarter valued at about $1,196,000. New England Asset Management Inc. increased its holdings in shares of Exelon by 0.6% during the first quarter. New England Asset Management Inc. now owns 120,915 shares of the company's stock valued at $5,572,000 after acquiring an additional 760 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Exelon by 10.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 248,245 shares of the company's stock valued at $11,439,000 after acquiring an additional 22,894 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Exelon by 53.0% during the first quarter. NewEdge Advisors LLC now owns 59,754 shares of the company's stock valued at $2,753,000 after acquiring an additional 20,687 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Exelon by 12.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 931,378 shares of the company's stock valued at $42,889,000 after buying an additional 104,828 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.2%

Shares of EXC traded up $0.07 during midday trading on Tuesday, hitting $43.09. The company had a trading volume of 3,656,575 shares, compared to its average volume of 5,329,962. The company's 50-day simple moving average is $43.99 and its 200-day simple moving average is $44.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a market capitalization of $43.52 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.52 and a beta of 0.41. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results 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 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 firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio (DPR) is 60.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXC shares. KeyCorp dropped their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, UBS Group restated a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Five 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's stock. According to data from MarketBeat, Exelon presently has a consensus rating of "Hold" and a consensus target price of $47.20.

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.