Exelon Corporation $EXC Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its position in Exelon Corporation (NASDAQ:EXC) by 15.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 13,590 shares of the company’s stock after selling 2,487 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Exelon were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Exelon by 26.9% during the first quarter. GAMMA Investing LLC now owns 19,751 shares of the company’s stock worth $910,000 after buying an additional 4,183 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Exelon by 141.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company’s stock worth $12,400,000 after acquiring an additional 157,548 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Exelon in the 1st quarter worth approximately $6,795,000. Kingswood Wealth Advisors LLC raised its holdings in Exelon by 105.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 15,311 shares of the company’s stock valued at $705,000 after acquiring an additional 7,871 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Exelon by 3.6% in the 1st quarter. CWA Asset Management Group LLC now owns 12,105 shares of the company’s stock valued at $558,000 after acquiring an additional 415 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.9%

EXC stock opened at $47.78 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a market cap of $48.26 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.94 and a beta of 0.40. The business has a fifty day simple moving average of $44.63 and a 200-day simple moving average of $44.41. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results 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. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.3%. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXC. Morgan Stanley decreased their price objective on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group set a $57.00 target price on Exelon in a research report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Barclays upped their price objective on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, KeyCorp raised their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.00.

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.