LifeWealth Investments LLC Invests $369,000 in Exelon Corporation $EXC

LifeWealth Investments LLC acquired a new position in shares of Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,500 shares of the company’s stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hager Investment Management Services LLC grew its holdings in 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 purchasing an additional 335 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in Exelon during the first quarter worth about $34,000. Investment Research & Advisory Group Inc. bought a new position in Exelon during the second quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon during the first quarter worth about $42,000. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. UBS Group boosted their price objective on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Barclays boosted their price objective on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, BTIG Research initiated coverage on Exelon in a report on Tuesday. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Exelon presently has an average rating of “Hold” and an average target price of $50.36.

Exelon Trading Up 0.2%

Shares of EXC stock opened at $48.11 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a market cap of $48.59 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40. The stock has a 50 day simple moving average of $44.83 and a 200 day simple moving average of $44.45. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is 60.84%.

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.