ABN Amro Investment Solutions Takes $3.07 Million Position in Exelon Corporation $EXC

ABN Amro Investment Solutions purchased a new position in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 70,687 shares of the company’s stock, valued at approximately $3,069,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Hager Investment Management Services LLC increased its position in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares during the period. Hazlett Burt & Watson Inc. grew its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Exelon in the first quarter worth approximately $34,000. Investment Research & Advisory Group Inc. purchased a new position in Exelon during the 2nd quarter worth $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon during the 1st quarter valued at $42,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen initiated coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Jefferies Financial Group set a $57.00 target price on shares of Exelon in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Finally, Evercore ISI assumed coverage on shares of Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.55.

Exelon Stock Down 1.0%

Shares of EXC stock opened at $45.45 on Friday. The stock’s fifty day moving average price is $45.58 and its 200 day moving average price is $44.51. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company has a market cap of $45.92 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. 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 released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts expect 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 will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is currently 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.