Tobam Boosts Stock Position in Exelon Corporation $EXC

Tobam lifted its position in shares of Exelon Corporation (NASDAQ:EXC) by 295.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,102 shares of the company’s stock after acquiring an additional 81,483 shares during the quarter. Exelon accounts for approximately 1.9% of Tobam’s portfolio, making the stock its 16th largest holding. Tobam’s holdings in Exelon were worth $4,737,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its stake in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after buying an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in 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 acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the 1st quarter worth $34,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Exelon during the 2nd quarter worth $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EXC shares. Morgan Stanley boosted their target price on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. BTIG Research began coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. TD Cowen began coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective on the stock. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Evercore ISI initiated coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and an average target price of $50.55.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $45.44 on Wednesday. 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 12 month low of $35.94 and a 12 month high of $48.51. The firm has a market capitalization of $45.91 billion, a PE ratio of 17.28, a P/E/G ratio of 2.93 and a beta of 0.44. The business has a 50-day moving average of $45.49 and a two-hundred day moving average of $44.49.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations 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. As a group, research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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

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.