Denali Advisors LLC Takes Position in Exelon Corporation $EXC

Denali Advisors LLC acquired a new stake in Exelon Corporation (NASDAQ:EXC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,700 shares of the company’s stock, valued at approximately $465,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock valued at $5,894,417,000 after purchasing an additional 581,686 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after purchasing an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock valued at $729,777,000 after purchasing an additional 106,917 shares during the last quarter. Invesco Ltd. lifted its position in shares of Exelon by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after acquiring an additional 83,518 shares during the period. Finally, Northern Trust Corp boosted its stake in Exelon by 11.8% during the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after acquiring an additional 1,319,637 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. Morgan Stanley increased their target price on shares of Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Evercore ISI assumed coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 target price on the stock. BTIG Research assumed coverage on shares of Exelon in a research note on Tuesday. They set a “neutral” rating on the stock. Finally, Barclays increased their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.36.

Exelon Stock Up 0.2%

Exelon stock opened at $48.11 on Thursday. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The firm has a market capitalization of $48.59 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40. The firm’s fifty day moving average price is $44.83 and its two-hundred day moving average price is $44.45. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released 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 net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is 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.