Allworth Financial LP Purchases 2,260 Shares of Exelon Corporation $EXC

Allworth Financial LP grew its position in shares of Exelon Corporation (NASDAQ:EXC) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,479 shares of the company’s stock after acquiring an additional 2,260 shares during the period. Allworth Financial LP’s holdings in Exelon were worth $1,106,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EXC. Hager Investment Management Services LLC raised its position in 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 last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Exelon in the first quarter worth $34,000. Investment Research & Advisory Group Inc. bought a new stake in Exelon in the second quarter valued at $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon in the first quarter valued at $42,000. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group upped their price objective on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Barclays boosted their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Evercore ISI started coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective for the company. BTIG Research assumed coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Morgan Stanley upped their target price on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exelon currently has an average rating of “Moderate Buy” and an average target price of $50.55.

Exelon Stock Performance

Shares of EXC opened at $45.94 on Friday. 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 stock has a market cap of $46.41 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.93 and a beta of 0.44. The business’s 50 day moving average price is $45.63 and its 200-day moving average price is $44.51. Exelon Corporation has a 52 week low of $35.94 and a 52 week 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, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts anticipate 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 will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given 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 payout ratio is currently 57.35%.

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.