Intrust Bank NA Buys 3,640 Shares of Exelon Corporation $EXC

Intrust Bank NA lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,082 shares of the company’s stock after purchasing an additional 3,640 shares during the quarter. Intrust Bank NA’s holdings in Exelon were worth $1,089,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXC shares. Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price on the stock. KeyCorp raised their price objective on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Barclays lifted their target price on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Finally, Morgan Stanley lifted their price target on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Stock Performance

Shares of EXC stock opened at $46.60 on Tuesday. The firm has a market capitalization of $47.08 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.93 and a beta of 0.44. 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 business’s 50-day moving average price is $45.70 and its 200-day moving average price is $44.47. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is 57.35%.

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.