Stenger Family Office LLC Makes New $2.15 Million Investment in Exelon Corporation $EXC

Stenger Family Office LLC acquired a new position in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, Holdings Channel reports. The fund acquired 48,535 shares of the company’s stock, valued at approximately $2,148,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC boosted its stake in Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after buying an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Exelon in the second quarter worth approximately $29,000. Investment Research & Advisory Group Inc. purchased a new stake in Exelon in the second quarter valued at approximately $39,000. Sound Income Strategies LLC increased its position in Exelon by 213.7% during the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after purchasing an additional 810 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Exelon by 75.0% during the second quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock worth $53,000 after purchasing an additional 521 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Exelon stock opened at $43.81 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The firm’s fifty day moving average price is $46.30 and its 200 day moving average price is $44.57. The company has a market capitalization of $44.26 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio is 57.35%.

Analyst Ratings Changes

Several research analysts recently weighed in on EXC shares. Evercore ISI initiated coverage on Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a report on Wednesday, October 15th. UBS Group increased their price objective on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Finally, Barclays boosted their price objective on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.45.

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.