AE Wealth Management LLC Buys 43,997 Shares of Exelon Corporation $EXC

AE Wealth Management LLC increased its stake in shares of Exelon Corporation (NASDAQ:EXC) by 4.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 956,855 shares of the company’s stock after purchasing an additional 43,997 shares during the period. AE Wealth Management LLC owned 0.09% of Exelon worth $43,068,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EXC. ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Exelon by 3.6% in the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock worth $260,685,000 after purchasing an additional 208,242 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Exelon by 3.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 987,350 shares of the company’s stock valued at $44,441,000 after buying an additional 28,443 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in Exelon during the 3rd quarter valued at $10,875,000. Exchange Traded Concepts LLC grew its holdings in Exelon by 92.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock worth $2,418,000 after acquiring an additional 25,863 shares during the last quarter. Finally, Econ Financial Services Corp purchased a new position in shares of Exelon in the third quarter valued at about $1,926,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of a number of analyst reports. Wells Fargo & Company dropped their target price on shares of Exelon from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Evercore ISI started coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective for the company. Jefferies Financial Group cut their price objective on Exelon from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. BTIG Research started coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating for the company. Finally, UBS Group dropped their price target on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $49.38.

Exelon Price Performance

EXC opened at $44.76 on Thursday. 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 company has a market cap of $45.22 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. The stock has a fifty day simple moving average of $44.28 and a two-hundred day simple moving average of $44.77. Exelon Corporation has a 12-month low of $39.47 and a 12-month high of $48.51.

Exelon (NASDAQ:EXC) last released its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Company Profile

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.