Exelon Corporation $EXC Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its holdings in Exelon Corporation (NASDAQ:EXC) by 93.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,435 shares of the company’s stock after purchasing an additional 10,375 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Exelon were worth $931,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EXC. Hager Investment Management Services LLC grew its holdings in 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 buying an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of 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 acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon during the first quarter valued at $34,000. Investment Research & Advisory Group Inc. purchased a new stake in Exelon during the 2nd quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Exelon during the 1st quarter worth about $42,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXC. BTIG Research initiated coverage on shares of Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Morgan Stanley upped their price objective on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. 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 target price for the company. Jefferies Financial Group set a $57.00 price target on Exelon in a report on Wednesday, October 15th. Finally, KeyCorp raised their price objective on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Trading Down 0.5%

NASDAQ EXC opened at $46.38 on Wednesday. The company has a market cap of $46.86 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a 50-day moving average of $45.77 and a 200-day moving average of $44.47.

Exelon (NASDAQ:EXC) last released its earnings results 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 firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed 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 dividend payout ratio is presently 57.35%.

Exelon Company 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.