Shell Asset Management Co. Acquires 26,133 Shares of Exelon Corporation $EXC

Key Points

• Shell Asset Management Co. increased its stake in Exelon Corporation by 25% during the second quarter, acquiring an additional 26,133 shares and bringing its total holdings to 130,798 shares valued at approximately $5.68 million.
• Exelon recently reported quarterly earnings of $0.39 per share, beating estimates, and has set a fiscal year 2025 EPS guidance of 2.640-2.740.
• The company declared a quarterly dividend of $0.40 per share, yielding 3.5%, with a dividend payout ratio of 60.84%.

Shell Asset Management Co. raised its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,798 shares of the company's stock after buying an additional 26,133 shares during the period. Shell Asset Management Co.'s holdings in Exelon were worth $5,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its position in Exelon by 46.4% in the first 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 last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon in the first quarter worth approximately $34,000. Investment Research & Advisory Group Inc. bought a new stake in Exelon during the second quarter valued at approximately $39,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Exelon during the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC bought a new position in Exelon in the first quarter worth approximately $50,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Exelon in a research note on Saturday, September 27th. UBS Group reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Evercore ISI set a $57.00 price objective on Exelon and gave the company an "outperform" rating in a research note on Monday. Morgan Stanley decreased their target price on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Finally, KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.11.

Exelon Stock Performance

EXC opened at $45.69 on Tuesday. 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 stock has a market capitalization of $46.15 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.66 and a beta of 0.40. The company has a fifty day moving average of $44.23 and a 200 day moving average of $44.24. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share 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 business had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter last year, the business posted $0.47 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon's dividend payout ratio is 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.

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