Glass Jacobson Investment Advisors llc Sells 542 Shares of Exelon Corporation $EXC

Glass Jacobson Investment Advisors llc lessened its holdings in Exelon Corporation (NASDAQ:EXC) by 17.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,650 shares of the company’s stock after selling 542 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Exelon were worth $115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its holdings in shares of Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in 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 in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Exelon in the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. bought a new stake in Exelon during the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon in the 1st quarter worth approximately $42,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. KeyCorp increased their target price on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. UBS Group boosted their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. BTIG Research assumed coverage on shares of Exelon in a research report on Tuesday. They set a “neutral” rating on the stock. TD Cowen began coverage on shares of Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Finally, 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, October 14th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.36.

Exelon Stock Performance

Exelon stock opened at $48.03 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market cap of $48.51 billion, a P/E ratio of 18.26, a P/E/G 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 firm has a 50-day moving average of $44.96 and a 200-day moving average of $44.50.

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

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. Exelon’s dividend payout ratio is currently 60.84%.

Exelon Company 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.