Bare Financial Services Inc Boosts Stock Position in Exelon Corporation $EXC

Bare Financial Services Inc raised its holdings in Exelon Corporation (NASDAQ:EXC) by 105.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,009 shares of the company’s stock after purchasing an additional 2,574 shares during the period. Bare Financial Services Inc’s holdings in Exelon were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Hager Investment Management Services LLC raised its holdings in Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Exelon during the 2nd quarter worth $29,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon in the 2nd quarter worth about $39,000. Sound Income Strategies LLC raised its stake in shares of Exelon by 213.7% in the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after purchasing an additional 810 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Exelon by 75.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock valued at $53,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 1.7%

Exelon stock opened at $47.36 on Monday. 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 one year low of $35.94 and a one year high of $48.51. The company has a 50-day simple moving average of $46.23 and a 200-day simple moving average of $44.55. The firm has a market capitalization of $47.85 billion, a P/E ratio of 18.01, a P/E/G ratio of 2.93 and a beta of 0.44.

Exelon (NASDAQ:EXC) last posted its earnings results 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 net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is 57.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. Evercore ISI began coverage on Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. BTIG Research assumed coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Barclays upped their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.45.

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.