IFP Advisors Inc Lowers Position in Exelon Corporation $EXC

IFP Advisors Inc cut its stake in Exelon Corporation (NASDAQ:EXC) by 30.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,825 shares of the company’s stock after selling 1,266 shares during the period. IFP Advisors Inc’s holdings in Exelon were worth $123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edgestream Partners L.P. lifted its holdings in Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after buying an additional 150,876 shares during the period. Arizona State Retirement System grew its position in shares of Exelon by 3.6% in the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock worth $13,587,000 after buying an additional 10,176 shares during the period. Cerity Partners LLC grew its position in shares of Exelon by 14.9% in the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock worth $22,393,000 after buying an additional 63,009 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Exelon in the 1st quarter worth about $47,789,000. Finally, Intech Investment Management LLC grew its position in shares of Exelon by 24.6% in the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock worth $2,054,000 after buying an additional 8,809 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Evercore ISI began coverage on shares of Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. UBS Group lifted their target price on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. KeyCorp lifted their target price on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Exelon Price Performance

Shares of NASDAQ EXC opened at $47.78 on Friday. The firm has a market cap of $48.26 billion, a P/E ratio of 18.17, a PEG ratio of 2.96 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a 50 day moving average of $44.63 and a 200 day moving average of $44.40. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

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

Exelon Dividend Announcement

The business also recently announced 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 was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. Exelon’s payout ratio is currently 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.