Investment Research & Advisory Group Inc. Purchases Shares of 900 Exelon Corporation $EXC

Investment Research & Advisory Group Inc. purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 900 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new stake in Exelon during the first quarter worth about $285,428,000. ATLAS Infrastructure Partners UK Ltd. boosted its stake in shares of Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after acquiring an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC boosted its position in Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after purchasing an additional 2,603,959 shares in the last quarter. Electron Capital Partners LLC acquired a new stake in Exelon in the 1st quarter valued at $117,274,000. Finally, GQG Partners LLC acquired a new stake in shares of Exelon in the first quarter valued at about $112,832,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Morgan Stanley dropped their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, UBS Group reiterated a “neutral” rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.44.

Exelon Price Performance

EXC stock opened at $44.09 on Monday. The stock has a market cap of $44.53 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The business has a fifty day moving average of $44.08 and a two-hundred day moving average of $44.21. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. Exelon’s revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon’s dividend payout ratio is presently 60.84%.

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.