SteelPeak Wealth LLC Buys Shares of 26,011 Exelon Corporation $EXC

Key Points

• SteelPeak Wealth LLC acquired a new stake in Exelon Corporation, purchasing 26,011 shares valued at approximately $1,129,000 during the 2nd quarter.
• Exelon recently reported earnings of $0.39 EPS for the July 31st quarter, exceeding analysts' expectations by $0.02, despite revenue being slightly below projections at $5.43 billion.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.4%, with a payout ratio of 60.84%.

SteelPeak Wealth LLC bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,011 shares of the company's stock, valued at approximately $1,129,000.

Other hedge funds have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its stake in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Exelon in the first quarter valued at $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon in the second quarter valued at $39,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon in the first quarter valued at $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Exelon in the first quarter valued at $50,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

Exelon stock opened at $46.79 on Wednesday. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The business has a 50-day simple moving average of $44.28 and a 200 day simple moving average of $44.26. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.68 and a beta of 0.40.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 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 analysts' expectations of $5.47 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm's revenue 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 forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.4%. Exelon's payout ratio is 60.84%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent research reports. Evercore ISI initiated coverage on Exelon in a research report on Monday. They issued an "outperform" rating and a $57.00 price target for the company. UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp reduced their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Morgan Stanley reduced their price target on Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.11.

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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