Montecito Bank & Trust Invests $642,000 in Exelon Corporation $EXC

Montecito Bank & Trust bought a new stake in Exelon Corporation (NASDAQ:EXC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,255 shares of the company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. Cresset Asset Management LLC grew its position in Exelon by 359.0% during the 1st quarter. Cresset Asset Management LLC now owns 36,096 shares of the company’s stock worth $1,663,000 after purchasing an additional 28,232 shares during the last quarter. Algert Global LLC grew its holdings in shares of Exelon by 84.4% during the first quarter. Algert Global LLC now owns 23,973 shares of the company’s stock worth $1,105,000 after buying an additional 10,970 shares during the last quarter. Aptus Capital Advisors LLC increased its position in Exelon by 14.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 16,506 shares of the company’s stock valued at $761,000 after acquiring an additional 2,140 shares during the period. Quantbot Technologies LP acquired a new position in Exelon in the 1st quarter valued at about $1,070,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in Exelon by 174.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 109,354 shares of the company’s stock valued at $5,039,000 after acquiring an additional 69,530 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXC. Jefferies Financial Group set a $57.00 target price on Exelon in a research note on Wednesday, October 15th. BTIG Research began coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. TD Cowen started coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective on the stock. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, UBS Group lowered their target price on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus price target of $49.75.

Exelon Trading Up 0.1%

NASDAQ:EXC opened at $44.28 on Friday. Exelon Corporation has a 1 year low of $36.49 and a 1 year high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The stock has a fifty day moving average price of $45.95 and a two-hundred day moving average price of $44.56. The stock has a market capitalization of $44.74 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.71 and a beta of 0.45.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon’s payout ratio is 57.35%.

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.