Chicago Partners Investment Group LLC Acquires 387 Shares of Exelon Corporation $EXC

Chicago Partners Investment Group LLC boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,681 shares of the company’s stock after buying an additional 387 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Exelon were worth $986,000 as of its most recent SEC filing.

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

Exelon Trading Down 0.5%

Shares of EXC opened at $48.00 on Wednesday. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.39. The stock has a market cap of $48.48 billion, a PE ratio of 18.25, a P/E/G ratio of 2.99 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business’s 50-day moving average price is $44.77 and its 200-day moving average price is $44.43.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is 60.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. KeyCorp increased their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Barclays lifted their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. TD Cowen started coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

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.