Rhumbline Advisers Purchases 18,941 Shares of Exelon Corporation $EXC

Rhumbline Advisers increased its position in Exelon Corporation (NASDAQ:EXC) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,070,127 shares of the company’s stock after purchasing an additional 18,941 shares during the period. Rhumbline Advisers’ holdings in Exelon were worth $89,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Exelon by 15.3% in the 1st quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $189,000 after buying an additional 544 shares during the period. Choreo LLC grew its holdings in Exelon by 16.6% in the first quarter. Choreo LLC now owns 21,413 shares of the company’s stock worth $987,000 after purchasing an additional 3,054 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Exelon by 48.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 9,344 shares of the company’s stock valued at $431,000 after purchasing an additional 3,060 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Exelon by 4.7% during the first quarter. Pinnacle Associates Ltd. now owns 12,079 shares of the company’s stock valued at $557,000 after purchasing an additional 539 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of Exelon by 11.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 51,418 shares of the company’s stock worth $2,369,000 after purchasing an additional 5,130 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $45.75 on Friday. The business has a 50-day simple moving average of $45.90 and a two-hundred day simple moving average of $44.47. 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 firm has a market cap of $46.22 billion, a price-to-earnings ratio of 17.40, 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 announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion during 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, analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is presently 57.35%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXC shares. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price target for the company. TD Cowen began coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target on the stock. Morgan Stanley restated an “underperform” rating and set a $52.00 price objective on shares of Exelon in a research note on Thursday. Finally, Jefferies Financial Group set a $57.00 target price on shares of Exelon in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.