Exelon Corporation $EXC Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its stake in Exelon Corporation (NASDAQ:EXC) by 42.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,863 shares of the company’s stock after selling 6,627 shares during the period. Atria Wealth Solutions Inc.’s holdings in Exelon were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock valued at $5,894,417,000 after acquiring an additional 581,686 shares in the last quarter. Deutsche Bank AG boosted its stake in Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after acquiring an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Exelon by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock valued at $729,777,000 after acquiring an additional 106,917 shares in the last quarter. Invesco Ltd. boosted its stake in Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after acquiring an additional 83,518 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Exelon by 11.8% in the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock valued at $577,470,000 after acquiring 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 research firms have issued reports on EXC. TD Cowen began coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Morgan Stanley decreased their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Barclays increased their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $50.00.

Exelon Trading Up 1.0%

NASDAQ EXC opened at $48.24 on Tuesday. The stock has a market capitalization of $48.72 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.96 and a beta of 0.40. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.29. The firm has a 50-day moving average price of $44.70 and a 200 day moving average price of $44.40. 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 (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

About Exelon

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.