CWA Asset Management Group LLC Acquires 44,444 Shares of Exelon Corporation $EXC

CWA Asset Management Group LLC boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 330.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,886 shares of the company’s stock after purchasing an additional 44,444 shares during the quarter. CWA Asset Management Group LLC’s holdings in Exelon were worth $2,605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Hager Investment Management Services LLC raised its position 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 valued at $29,000 after buying an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Exelon in the 2nd quarter valued at $29,000. Motco increased its holdings in Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after acquiring an additional 696 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Exelon in the 2nd quarter worth $38,000. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Exelon during the 2nd quarter valued at about $39,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

NASDAQ EXC opened at $43.54 on Tuesday. The company has a market cap of $43.99 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.58 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The business’s 50 day moving average price is $44.99 and its 200-day moving average price is $44.65. Exelon Corporation has a fifty-two week low of $37.13 and a fifty-two week high of $48.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The company 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 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is currently 57.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. KeyCorp set a $39.00 price objective on Exelon in a research note on Friday, December 12th. Barclays increased their target price on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research report on Wednesday, October 15th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $52.00 price objective on shares of Exelon in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $49.75.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.