Ascent Group LLC Purchases New Holdings in Exelon Corporation $EXC

Ascent Group LLC acquired a new position in Exelon Corporation (NASDAQ:EXC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,084 shares of the company’s stock, valued at approximately $1,306,000.

A number of other institutional investors and hedge funds have also modified their holdings of EXC. Abundance Wealth Counselors raised its stake in shares of Exelon by 7.4% in the second quarter. Abundance Wealth Counselors now owns 58,244 shares of the company’s stock valued at $2,510,000 after purchasing an additional 4,030 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Exelon in the 2nd quarter valued at $562,000. Trinity Legacy Partners LLC lifted its holdings in shares of Exelon by 2.9% during the 2nd quarter. Trinity Legacy Partners LLC now owns 104,231 shares of the company’s stock worth $4,466,000 after acquiring an additional 2,980 shares during the period. Hilltop National Bank acquired a new stake in shares of Exelon during the 2nd quarter valued at about $138,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Exelon by 9.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 377,926 shares of the company’s stock valued at $16,410,000 after acquiring an additional 32,836 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.8%

NASDAQ EXC opened at $45.34 on Monday. The stock’s 50 day simple moving average is $44.18 and its 200 day simple moving average is $44.23. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The firm has a market cap of $45.79 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 business earned $0.47 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on EXC shares. KeyCorp cut their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Morgan Stanley dropped their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research note on Saturday, September 27th. Finally, UBS Group reiterated a “neutral” rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Four equities research 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. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $47.44.

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.