Exelon Corporation $EXC Position Raised by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA grew its position in shares of Exelon Corporation (NASDAQ:EXC) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,677 shares of the company’s stock after acquiring an additional 3,380 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Exelon were worth $4,241,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hager Investment Management Services LLC boosted its stake in Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon during the first quarter worth approximately $34,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Exelon during the second quarter worth approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon in the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 1.0%

EXC stock opened at $45.71 on Friday. The firm has a market cap of $46.17 billion, a PE ratio of 17.38, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $45.36 and a 200 day simple moving average of $44.54.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is 57.35%.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. UBS Group lifted their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. BTIG Research assumed coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. 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. Finally, Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $50.55.

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.