Kingswood Wealth Advisors LLC Sells 7,963 Shares of Exelon Corporation $EXC

Kingswood Wealth Advisors LLC decreased its position in shares of Exelon Corporation (NASDAQ:EXC) by 52.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,348 shares of the company’s stock after selling 7,963 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Exelon were worth $319,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in Exelon in the 1st quarter worth about $34,000. Investment Research & Advisory Group Inc. bought a new position in Exelon in the 2nd quarter worth about $39,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon in the 1st quarter worth about $42,000. Finally, Opal Wealth Advisors LLC bought a new position in Exelon in the 1st quarter worth about $50,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EXC shares. UBS Group raised their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday. KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Morgan Stanley cut their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Evercore ISI began coverage on Exelon in a report on Monday. They issued an “outperform” rating and a $57.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.33.

Exelon Stock Performance

NASDAQ:EXC opened at $47.07 on Friday. The stock has a market cap of $47.54 billion, a P/E ratio of 17.90, a PEG ratio of 2.74 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The business’s 50-day moving average price is $44.41 and its two-hundred day moving average price is $44.33.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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