Metis Global Partners LLC Acquires 11,468 Shares of Exelon Corporation $EXC

Metis Global Partners LLC grew its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 11.6% in the second quarter, Holdings Channel reports. The institutional investor owned 110,628 shares of the company’s stock after acquiring an additional 11,468 shares during the period. Metis Global Partners LLC’s holdings in Exelon were worth $4,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hager Investment Management Services LLC boosted its stake 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 purchasing an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings 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 purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon during the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Exelon during the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon during the first quarter worth $42,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.21 on Friday. The company’s 50-day moving average is $45.41 and its 200 day moving average is $44.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The company has a market capitalization of $46.67 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts forecast 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. Investors of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon’s dividend payout ratio is presently 57.35%.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. KeyCorp raised their price target on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research report on Wednesday, October 15th. Evercore ISI assumed coverage on shares of Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price target on the stock. Finally, TD Cowen assumed coverage on shares of Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.55.

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.