Bleakley Financial Group LLC Has $603,000 Position in Exelon Corporation $EXC

Bleakley Financial Group LLC grew its holdings in Exelon Corporation (NASDAQ:EXC) by 15.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,896 shares of the company’s stock after purchasing an additional 1,869 shares during the quarter. Bleakley Financial Group LLC’s holdings in Exelon were worth $603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Nuveen LLC acquired a new stake in Exelon during the first quarter worth about $285,428,000. ATLAS Infrastructure Partners UK Ltd. grew its position in Exelon by 192.7% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after buying an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC grew 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 buying an additional 2,603,959 shares in the last quarter. Electron Capital Partners LLC acquired a new stake in Exelon during the first quarter worth about $117,274,000. Finally, GQG Partners LLC acquired a new stake in Exelon during the first quarter worth about $112,832,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.9%

Shares of EXC opened at $48.03 on Monday. The company has a market capitalization of $48.51 billion, a P/E ratio of 18.26, a PEG ratio of 2.98 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The business’s 50 day simple moving average is $44.96 and its 200-day simple moving average is $44.50.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The business’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, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were issued 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 3.3%. Exelon’s dividend payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXC shares. Evercore ISI started coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. TD Cowen started coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective on the stock. Jefferies Financial Group set a $57.00 price objective on Exelon in a report on Wednesday, October 15th. KeyCorp lifted their price objective on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. Finally, BTIG Research started coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.36.

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.