WBH Advisory Inc. Sells 2,495 Shares of Exelon Corporation $EXC

WBH Advisory Inc. trimmed its position in Exelon Corporation (NASDAQ:EXC) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,775 shares of the company’s stock after selling 2,495 shares during the quarter. WBH Advisory Inc.’s holdings in Exelon were worth $338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hager Investment Management Services LLC lifted its holdings in shares of Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after buying an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon in the first quarter worth about $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon in the second quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon in the first quarter worth about $42,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a report on Wednesday, October 15th. Evercore ISI assumed coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. Barclays raised their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Finally, UBS Group raised 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. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $50.00.

Exelon Stock Up 1.0%

Shares of 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 PEG ratio of 2.96 and a beta of 0.40. Exelon Corporation has a one year low of $35.94 and a one year high of $48.29. The firm’s 50 day simple moving average is $44.70 and its two-hundred day simple moving average is $44.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

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

Exelon Dividend Announcement

The firm also recently declared 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 dividend yield of 3.3%. Exelon’s dividend payout ratio (DPR) is 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.