Wealthcare Advisory Partners LLC Has $1.11 Million Stake in Exelon Corporation $EXC

Wealthcare Advisory Partners LLC raised its position in shares of Exelon Corporation (NASDAQ:EXC) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 25,546 shares of the company’s stock after acquiring an additional 362 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Exelon were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after buying an additional 581,686 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after buying an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Exelon by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after buying an additional 106,917 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Exelon by 0.6% during the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after buying an additional 83,518 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Exelon by 11.8% during the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after buying an additional 1,319,637 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Evercore ISI assumed coverage on shares of Exelon in a research note on Monday. They set an “outperform” rating and a $57.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research note on Saturday, September 27th. KeyCorp decreased their price target 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. Finally, Morgan Stanley decreased their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.11.

Exelon Price Performance

Shares of EXC stock opened at $46.79 on Wednesday. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock has a market cap of $47.26 billion, a PE ratio of 17.79, a PEG ratio of 2.68 and a beta of 0.40. 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’s 50 day moving average price is $44.28 and its two-hundred day moving average price is $44.26.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) 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 firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period last year, the firm earned $0.47 earnings per share. The business’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, analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

Exelon Company 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.