Edgestream Partners L.P. Sells 69,216 Shares of Exelon Corporation $EXC

Edgestream Partners L.P. lowered its position in shares of Exelon Corporation (NASDAQ:EXC) by 35.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,172 shares of the company’s stock after selling 69,216 shares during the period. Edgestream Partners L.P.’s holdings in Exelon were worth $5,392,000 at the end of the most recent reporting period.

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

Exelon Stock Performance

EXC stock opened at $45.00 on Wednesday. The stock has a 50-day moving average price of $46.29 and a 200-day moving average price of $44.57. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market cap of $45.46 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.81 and a beta of 0.45.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The company had revenue of $6.71 billion for 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 research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon’s payout ratio is currently 57.35%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Evercore ISI started coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price on the stock. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group upped their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.45.

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.