Advisors Asset Management Inc. Increases Stake in Exelon Corporation $EXC

Advisors Asset Management Inc. lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 79.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,295 shares of the company’s stock after buying an additional 27,144 shares during the quarter. Advisors Asset Management Inc.’s holdings in Exelon were worth $2,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Hager Investment Management Services LLC lifted its position in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon during the 2nd quarter valued at $39,000. Sound Income Strategies LLC raised its stake in shares of Exelon by 213.7% during the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after purchasing an additional 810 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Exelon during the 1st quarter worth about $55,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Exelon by 75.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock worth $53,000 after purchasing an additional 521 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 1.7%

Shares of EXC opened at $47.36 on Friday. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.93 and a beta of 0.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51. The firm has a 50 day moving average price of $46.23 and a 200-day moving average price of $44.53.

Exelon (NASDAQ:EXC) last released its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is presently 57.35%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXC. Jefferies Financial Group set a $57.00 target price on shares of Exelon in a report on Wednesday, October 15th. KeyCorp boosted their price target on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Barclays lifted their price objective on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley restated an “underperform” rating and issued a $52.00 target price on shares of Exelon in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.45.

Exelon Company 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.