HB Wealth Management LLC Reduces Stock Position in Exelon Corporation $EXC

HB Wealth Management LLC lowered its stake in Exelon Corporation (NASDAQ:EXC) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,720 shares of the company’s stock after selling 2,814 shares during the quarter. HB Wealth Management LLC’s holdings in Exelon were worth $1,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Exelon by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after acquiring an additional 581,686 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Exelon by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after acquiring an additional 106,917 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Exelon by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after acquiring an additional 83,518 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Exelon by 11.8% during the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after acquiring an additional 1,319,637 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.2%

EXC opened at $44.97 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. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm’s fifty day moving average is $44.15 and its 200 day moving average is $44.23. The stock has a market cap of $45.42 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results 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. The company 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%. Exelon’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Morgan Stanley dropped their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group restated a “neutral” rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $47.44.

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.