Benjamin Edwards Inc. Invests $592,000 in Exelon Corporation $EXC

Benjamin Edwards Inc. bought a new stake in Exelon Corporation (NASDAQ:EXC) during the third quarter, HoldingsChannel.com reports. The fund bought 13,149 shares of the company’s stock, valued at approximately $592,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXC. Ethos Financial Group LLC acquired a new position in Exelon in the 3rd quarter valued at $207,000. TCV Trust & Wealth Management Inc. grew its holdings in shares of Exelon by 29.5% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 6,329 shares of the company’s stock worth $285,000 after purchasing an additional 1,441 shares in the last quarter. SG Americas Securities LLC grew its stake in Exelon by 651.9% during the third quarter. SG Americas Securities LLC now owns 301,887 shares of the company’s stock worth $13,588,000 after buying an additional 261,739 shares in the last quarter. HB Wealth Management LLC increased its stake in Exelon by 10.3% in the third quarter. HB Wealth Management LLC now owns 36,085 shares of the company’s stock valued at $1,624,000 after acquiring an additional 3,365 shares during the last quarter. Finally, Caldwell Trust Co raised its holdings in shares of Exelon by 3.6% during the 3rd quarter. Caldwell Trust Co now owns 15,062 shares of the company’s stock worth $678,000 after buying an additional 524 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.6%

Shares of NASDAQ:EXC opened at $43.60 on Thursday. The company has a market capitalization of $44.05 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 2.54 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The business’s 50-day moving average is $44.52 and its 200-day moving average is $44.67. Exelon Corporation has a 1 year low of $37.90 and a 1 year high of $48.51.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were issued a $0.40 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio is currently 57.35%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EXC shares. BTIG Research started coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. UBS Group decreased their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. KeyCorp set a $39.00 target price on Exelon in a report on Friday, December 12th. JPMorgan Chase & Co. reduced their price target on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Finally, Evercore ISI initiated coverage on Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average price target of $49.85.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.