Trinity Legacy Partners LLC Purchases Shares of 101,251 Exelon Corporation $EXC

Key Points

• Trinity Legacy Partners LLC acquired 101,251 shares of Exelon Corporation for approximately $4.35 million, indicating growing institutional interest in the company.
• Analysts have mixed ratings on Exelon, with a consensus price target of $47.20, while recent price targets set by brokerages range from $37.00 to $51.00.
• Exelon recently declared a quarterly dividend of $0.40 per share, representing a 3.6% yield, amidst a favorable earnings report that beat estimates.

Trinity Legacy Partners LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,251 shares of the company's stock, valued at approximately $4,351,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXC. Ameriflex Group Inc. purchased a new position in Exelon in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. increased its position in shares of 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 acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon in the 1st quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Exelon during the 1st quarter valued at $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Exelon during the 1st quarter worth $50,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on EXC. Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. KeyCorp dropped their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. BMO Capital Markets boosted their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Evercore ISI increased their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Trading Up 0.7%

Shares of EXC opened at $44.96 on Friday. The company has a market capitalization of $45.41 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.62 and a beta of 0.38. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. 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 50-day moving average price of $43.77 and a 200 day moving average price of $44.10.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the firm earned $0.47 EPS. Exelon's quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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 issued a $0.40 dividend. 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 currently 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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