Exelon Corporation $EXC Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,731 shares of the company’s stock after buying an additional 7,700 shares during the period. Hennessy Advisors Inc.’s holdings in Exelon were worth $6,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon during the first quarter valued at $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon during the second quarter valued at about $39,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the first quarter worth about $42,000. Finally, Opal Wealth Advisors LLC bought a new position in Exelon in the 1st quarter valued at about $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research report on Saturday, September 27th. UBS Group reiterated a “neutral” rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Finally, Morgan Stanley lowered their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average price target of $47.44.

Exelon Stock Up 0.8%

EXC stock opened at $45.34 on Friday. The firm has a market cap of $45.79 billion, a PE ratio of 17.24, a P/E/G ratio of 2.66 and a beta of 0.40. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. 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 $44.18 and a 200 day simple moving average of $44.23.

Exelon (NASDAQ:EXC) last posted 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

Exelon Company 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.