Advisors Capital Management LLC Takes Position in Exelon Corporation $EXC

Advisors Capital Management LLC acquired a new stake in Exelon Corporation (NASDAQ:EXC) in the first quarter, Holdings Channel.com reports. The fund acquired 463,422 shares of the company’s stock, valued at approximately $21,354,000.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the fourth quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its position in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the first quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon during the first quarter worth $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon during the first quarter worth $50,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.5%

Shares of NASDAQ EXC opened at $43.32 on Thursday. The company has a market capitalization of $43.75 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.41. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The business has a 50-day moving average of $44.00 and a two-hundred day moving average of $44.21. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

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

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

Analysts Set New Price Targets

Several research analysts recently commented on EXC shares. KeyCorp lowered their target price 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 reissued an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group reissued a “neutral” rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $47.20.

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.