First Citizens Bank & Trust Co. Buys Shares of 241,620 Exelon Corporation $EXC

First Citizens Bank & Trust Co. purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 241,620 shares of the company’s stock, valued at approximately $10,875,000.

Other institutional investors have also made changes to their positions in the company. Caxton Associates LLP acquired a new position in Exelon during the first quarter valued at approximately $286,000. Woodline Partners LP boosted its holdings in shares of Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after buying an additional 24,580 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Exelon by 43.6% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $275,000 after buying an additional 1,923 shares during the last quarter. Norden Group LLC raised its holdings in Exelon by 22.8% in the 2nd quarter. Norden Group LLC now owns 10,707 shares of the company’s stock worth $465,000 after acquiring an additional 1,986 shares during the period. Finally, Mather Group LLC. raised its holdings in Exelon by 49.4% in the 2nd quarter. Mather Group LLC. now owns 8,034 shares of the company’s stock worth $349,000 after acquiring an additional 2,656 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 1.2%

Exelon stock opened at $44.06 on Friday. The business has a 50 day moving average price of $44.37 and a two-hundred day moving average price of $44.74. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12 month low of $38.85 and a 12 month high of $48.51. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46.

Exelon (NASDAQ:EXC) last released 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. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BTIG Research began coverage on shares of Exelon in a report on Tuesday, October 21st. They set a “neutral” rating for the company. UBS Group cut their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Wells Fargo & Company lowered their target price on Exelon from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.54.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.