CRA Financial Services LLC Sells 478 Shares of Exelon Corporation $EXC

CRA Financial Services LLC decreased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 8.4% in the second quarter, Holdings Channel.com reports. The firm owned 5,214 shares of the company’s stock after selling 478 shares during the period. CRA Financial Services LLC’s holdings in Exelon were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Exelon by 3.3% during the second quarter. GAMMA Investing LLC now owns 20,404 shares of the company’s stock valued at $886,000 after purchasing an additional 653 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Exelon by 43.6% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 6,333 shares of the company’s stock worth $275,000 after buying an additional 1,923 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Exelon by 64.5% in the second quarter. Park Avenue Securities LLC now owns 47,790 shares of the company’s stock worth $2,075,000 after buying an additional 18,731 shares in the last quarter. Avanza Fonder AB lifted its stake in shares of Exelon by 1.3% in the second quarter. Avanza Fonder AB now owns 104,727 shares of the company’s stock worth $4,547,000 after buying an additional 1,306 shares in the last quarter. Finally, Busey Bank lifted its stake in shares of Exelon by 1.7% in the second quarter. Busey Bank now owns 340,684 shares of the company’s stock worth $14,793,000 after buying an additional 5,652 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.0%

Shares of Exelon stock opened at $43.40 on Tuesday. The company’s fifty day simple moving average is $43.99 and its 200-day simple moving average is $44.19. The stock has a market capitalization of $43.83 billion, a PE ratio of 16.50, a P/E/G ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. 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 (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the previous year, the company earned $0.47 EPS. Exelon’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is 60.84%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Morgan Stanley reiterated an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group reiterated a “neutral” rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.33.

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.