Bleakley Financial Group LLC Acquires 1,869 Shares of Exelon Corporation $EXC

Bleakley Financial Group LLC raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 15.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,896 shares of the company’s stock after purchasing an additional 1,869 shares during the quarter. Bleakley Financial Group LLC’s holdings in Exelon were worth $603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. LifeWealth Investments LLC bought a new stake in shares of Exelon during the 2nd quarter valued at $369,000. Ethic Inc. raised its position in shares of Exelon by 4.5% during the 2nd quarter. Ethic Inc. now owns 290,615 shares of the company’s stock valued at $12,470,000 after acquiring an additional 12,481 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Exelon during the 2nd quarter valued at $465,000. D.A. Davidson & CO. raised its position in shares of Exelon by 1.1% during the 2nd quarter. D.A. Davidson & CO. now owns 26,276 shares of the company’s stock valued at $1,141,000 after acquiring an additional 293 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of Exelon by 75.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock valued at $53,000 after acquiring an additional 521 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $48.03 on Monday. The firm has a market cap of $48.51 billion, a PE ratio of 18.26, a PEG ratio of 2.98 and a beta of 0.40. 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 Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company has a fifty day moving average price of $44.96 and a 200 day moving average price of $44.50.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the business posted $0.47 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. KeyCorp upped their price objective 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. UBS Group upped their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. TD Cowen assumed coverage on shares of Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Barclays upped their price objective on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.36.

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.