Stratos Wealth Partners LTD. Sells 264 Shares of Exelon Corporation $EXC

Stratos Wealth Partners LTD. decreased its position in shares of Exelon Corporation (NASDAQ:EXC) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,827 shares of the company’s stock after selling 264 shares during the period. Stratos Wealth Partners LTD.’s holdings in Exelon were worth $774,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EXC. Hager Investment Management Services LLC raised its position in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the period. Hazlett Burt & Watson Inc. increased 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 buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Exelon during the first quarter valued at about $34,000. Investment Research & Advisory Group Inc. bought a new stake in Exelon during the second quarter valued at about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.2%

Shares of EXC opened at $48.11 on Thursday. The stock has a market capitalization of $48.59 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The business’s 50 day simple moving average is $44.83 and its 200-day simple moving average is $44.45. 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 earnings results 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 firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the firm posted $0.47 earnings per share. Exelon’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. As a group, equities analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.3%. Exelon’s payout ratio is 60.84%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays increased their target price on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. UBS Group increased their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. TD Cowen started coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective on the stock. Morgan Stanley upped their target price on shares of Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and an average target price of $50.36.

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.