Federated Hermes Inc. Acquires 307,745 Shares of Exelon Corporation $EXC

Federated Hermes Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 220.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 447,100 shares of the company’s stock after acquiring an additional 307,745 shares during the period. Federated Hermes Inc.’s holdings in Exelon were worth $19,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Manchester Capital Management LLC increased its holdings in shares of Exelon by 11.6% in the second quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after purchasing an additional 225 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Exelon by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after buying an additional 226 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Exelon by 4.8% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after buying an additional 229 shares during the period. Focus Partners Wealth grew its stake in Exelon by 0.6% in the 1st quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock valued at $1,836,000 after buying an additional 234 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Exelon by 2.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,246 shares of the company’s stock valued at $532,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an “underperform” rating and set a $52.00 price objective on shares of Exelon in a report on Thursday, November 20th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Finally, Barclays upped their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $50.45.

Exelon Stock Up 1.0%

EXC stock opened at $43.76 on Wednesday. The company has a market cap of $44.21 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.66 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.51. The business has a 50-day simple moving average of $46.25 and a 200 day simple moving average of $44.57.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is 57.35%.

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.