Exelon Corporation $EXC Shares Bought by Significant Wealth Partners LLC

Significant Wealth Partners LLC raised its stake in Exelon Corporation (NASDAQ:EXC) by 5.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,901 shares of the company’s stock after buying an additional 522 shares during the period. Significant Wealth Partners LLC’s holdings in Exelon were worth $473,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC boosted its position in shares of Exelon by 9.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 24,580 shares of the company’s stock valued at $1,067,000 after acquiring an additional 2,220 shares during the last quarter. Mather Group LLC. raised its stake in Exelon by 49.4% during the second quarter. Mather Group LLC. now owns 8,034 shares of the company’s stock worth $349,000 after purchasing an additional 2,656 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Exelon by 0.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 364,284 shares of the company’s stock valued at $15,817,000 after purchasing an additional 1,927 shares during the last quarter. Norden Group LLC boosted its holdings in Exelon by 22.8% in the 2nd quarter. Norden Group LLC now owns 10,707 shares of the company’s stock valued at $465,000 after purchasing an additional 1,986 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC grew its stake in shares of Exelon by 3.4% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 8,145 shares of the company’s stock valued at $354,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Exelon Price Performance

Exelon stock opened at $44.23 on Thursday. The company has a market capitalization of $44.67 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41. 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 fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm has a 50 day moving average price of $44.04 and a 200 day moving average price of $44.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts expect 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. Shareholders of record on Monday, August 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s payout ratio is currently 60.84%.

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.