Kingswood Wealth Advisors LLC Decreases Holdings in Exelon Corporation $EXC

Kingswood Wealth Advisors LLC reduced its stake in Exelon Corporation (NASDAQ:EXC) by 52.0% during the second quarter, Holdings Channel.com reports. The firm owned 7,348 shares of the company’s stock after selling 7,963 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Exelon were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after purchasing an additional 581,686 shares during the period. Deutsche Bank AG increased its stake in Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after purchasing an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after purchasing an additional 106,917 shares during the period. Invesco Ltd. increased its stake in Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after purchasing an additional 83,518 shares during the period. Finally, Northern Trust Corp increased its stake in Exelon by 11.8% in the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after purchasing an additional 1,319,637 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC opened at $47.07 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock has a market capitalization of $47.54 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40. The stock’s 50 day moving average price is $44.41 and its 200-day moving average price is $44.33.

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

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.4%. Exelon’s payout ratio is currently 60.84%.

Analysts Set New Price Targets

A number of brokerages have commented on EXC. UBS Group lifted their price target on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley reduced their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research note on Wednesday. KeyCorp reduced their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Finally, Evercore ISI initiated coverage on Exelon in a research note on Monday. They set an “outperform” rating and a $57.00 target price on the stock. Five investment 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 presently has a consensus rating of “Hold” and an average target price of $48.33.

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.