International Assets Investment Management LLC Decreases Stock Holdings in Exelon Corporation $EXC

International Assets Investment Management LLC reduced its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 36.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,127 shares of the company’s stock after selling 9,786 shares during the period. International Assets Investment Management LLC’s holdings in Exelon were worth $744,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Providence Wealth Advisors LLC grew its stake in Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after buying an additional 217 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares during the period. CWM LLC boosted its stake in shares of Exelon by 0.7% in the first quarter. CWM LLC now owns 33,775 shares of the company’s stock valued at $1,556,000 after purchasing an additional 226 shares during the period. Catalyst Financial Partners LLC boosted its stake in shares of Exelon by 2.4% in the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock valued at $450,000 after purchasing an additional 230 shares during the period. Finally, Focus Partners Wealth boosted its stake in shares of Exelon by 0.6% in the first quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock valued at $1,836,000 after purchasing an additional 234 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Evercore ISI assumed coverage on shares of Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. UBS Group upped their target price on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. TD Cowen assumed coverage on shares of Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $48.24 on Tuesday. 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 fifty-two week low of $35.94 and a fifty-two week high of $48.29. The firm has a 50-day simple moving average of $44.70 and a 200 day simple moving average of $44.40. The company has a market cap of $48.72 billion, a PE ratio of 18.34, a P/E/G ratio of 2.96 and a beta of 0.40.

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. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend 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%.

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.