Vident Advisory LLC Has $2.47 Million Stake in Exelon Corporation $EXC

Key Points

• Vident Advisory LLC increased its stake in Exelon Corporation by 45.4%, purchasing an additional 16,754 shares and bringing its total holdings to 53,664 shares valued at approximately $2.47 million.
• Exelon reported quarterly earnings of $0.39 per share, exceeding analyst expectations of $0.37, while revenue for the quarter came in at $5.43 billion, slightly below the expected $5.47 billion.
• The company declared a quarterly dividend of $0.40 per share, yielding 3.7%, which will be paid on September 15th to stockholders of record as of August 11th.

Vident Advisory LLC raised its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 45.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,664 shares of the company's stock after purchasing an additional 16,754 shares during the period. Vident Advisory LLC's holdings in Exelon were worth $2,473,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EXC. Nuveen LLC bought a new position in Exelon during the 1st quarter worth $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the last quarter. GQG Partners LLC bought a new position in Exelon during the 1st quarter worth $112,832,000. Royal Bank of Canada raised its position in Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after purchasing an additional 2,137,439 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Exelon by 13,334.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,038,539 shares of the company's stock worth $93,936,000 after purchasing an additional 2,023,365 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 0.1%

Shares of EXC traded down $0.04 during trading hours on Thursday, hitting $43.34. The stock had a trading volume of 5,274,438 shares, compared to its average volume of 7,254,841. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $43.97 and a 200-day simple moving average of $44.20. The firm has a market capitalization of $43.77 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.56 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 issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. KeyCorp lowered their target price 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 reaffirmed an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.