18,084 Shares in Exelon Corporation $EXC Purchased by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,084 shares of the company’s stock, valued at approximately $731,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Exelon in the 2nd quarter valued at $5,583,709,000. GQG Partners LLC purchased a new stake in Exelon in the second quarter worth $922,917,000. Legal & General Group Plc bought a new stake in shares of Exelon during the second quarter worth $602,760,000. Bank of New York Mellon Corp bought a new stake in shares of Exelon during the second quarter worth $580,842,000. Finally, Deutsche Bank AG purchased a new stake in shares of Exelon during the second quarter valued at $567,510,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $45.62 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $43.04 and a two-hundred day simple moving average of $45.62. The firm has a market cap of $47.21 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.49 and a beta of 0.24. Exelon Corporation has a twelve month low of $39.73 and a twelve month high of $50.65.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Exelon Corporation will post 2.87 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio is 65.37%.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Exelon in a report on Wednesday, October 28th. JPMorgan Chase & Co. reduced their price target on shares of Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Argus decreased their price objective on shares of Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research report on Tuesday, October 6th. Finally, HSBC began coverage on shares of Exelon in a research note on Thursday, October 22nd. They issued a “hold” rating and a $44.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $48.33.

About Exelon

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services.

The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.

Exelon separated its competitive power generation business, now known as Constellation Energy, in 2022.