Wealthspire Advisors LLC Boosts Stake in Exelon Corporation $EXC

Wealthspire Advisors LLC grew its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 5.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,503 shares of the company’s stock after buying an additional 1,498 shares during the quarter. Wealthspire Advisors LLC’s holdings in Exelon were worth $1,324,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its stake in shares of Exelon by 8.6% during the first quarter. Kestra Private Wealth Services LLC now owns 15,007 shares of the company’s stock valued at $692,000 after acquiring an additional 1,189 shares in the last quarter. IFP Advisors Inc raised its position in Exelon by 15.3% during the 1st quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $189,000 after purchasing an additional 544 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Exelon in the 1st quarter worth $228,000. Choreo LLC increased its stake in shares of Exelon by 16.6% during the first quarter. Choreo LLC now owns 21,413 shares of the company’s stock valued at $987,000 after buying an additional 3,054 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Exelon by 48.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 9,344 shares of the company’s stock valued at $431,000 after acquiring an additional 3,060 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC opened at $45.41 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The stock has a 50-day moving average of $45.85 and a two-hundred day moving average of $44.49. The stock has a market cap of $45.88 billion, a P/E ratio of 17.27, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.17. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is 57.35%.

Wall Street Analyst Weigh In

EXC has been the subject of several recent research reports. Morgan Stanley restated an “underperform” rating and issued a $52.00 price target on shares of Exelon in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. BTIG Research initiated coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating for the company. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Barclays upped their price objective on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.45.

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.