2,221 Shares in Exelon Corporation $EXC Bought by AlphaCore Capital LLC

AlphaCore Capital LLC purchased a new stake in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,221 shares of the company’s stock, valued at approximately $96,000.

Other large investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its holdings in Exelon by 11.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 51,418 shares of the company’s stock worth $2,369,000 after purchasing an additional 5,130 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Exelon by 3.1% in the first quarter. Cetera Investment Advisers now owns 245,785 shares of the company’s stock worth $11,326,000 after buying an additional 7,473 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Exelon by 5.3% in the first quarter. LPL Financial LLC now owns 371,350 shares of the company’s stock worth $17,112,000 after buying an additional 18,646 shares during the last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of Exelon by 2.2% during the 1st quarter. Prosperity Consulting Group LLC now owns 11,019 shares of the company’s stock worth $508,000 after buying an additional 239 shares during the period. Finally, Mackenzie Financial Corp grew its stake in Exelon by 190.5% in the 1st quarter. Mackenzie Financial Corp now owns 686,395 shares of the company’s stock valued at $31,629,000 after buying an additional 450,141 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXC shares. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Barclays increased their target price on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. UBS Group increased their target price on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, BTIG Research began coverage on Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.45.

Exelon Price Performance

NASDAQ:EXC opened at $46.57 on Thursday. The firm has a market cap of $47.05 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51. The company’s 50-day moving average price is $46.08 and its two-hundred day moving average price is $44.48. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate 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. On average, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s payout ratio is presently 57.35%.

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.