DAVENPORT & Co LLC Has $292,000 Stake in Exelon Corporation $EXC

DAVENPORT & Co LLC lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 12.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,733 shares of the company’s stock after buying an additional 727 shares during the period. DAVENPORT & Co LLC’s holdings in Exelon were worth $292,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Edgestream Partners L.P. grew its position in shares of Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after buying an additional 150,876 shares during the period. Arizona State Retirement System grew its position in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock worth $13,587,000 after buying an additional 10,176 shares during the period. Cerity Partners LLC grew its position in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock worth $22,393,000 after buying an additional 63,009 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Exelon during the 1st quarter worth approximately $47,789,000. Finally, Intech Investment Management LLC grew its position in shares of Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock worth $2,054,000 after buying an additional 8,809 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $47.07 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock’s fifty day simple moving average is $44.41 and its two-hundred day simple moving average is $44.33. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The stock has a market cap of $47.54 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.91 and a beta of 0.40.

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

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.4%. Exelon’s dividend payout ratio (DPR) is 60.84%.

Analysts Set New Price Targets

Several analysts have recently commented on EXC shares. UBS Group raised 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. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price on the stock. KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. Morgan Stanley cut their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Exelon presently has an average rating of “Hold” and an average target price of $48.33.

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.