Significant Wealth Partners LLC Increases Holdings in Exelon Corporation $EXC

Significant Wealth Partners LLC increased its holdings in Exelon Corporation (NASDAQ:EXC) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,901 shares of the company’s stock after buying an additional 522 shares during the quarter. Significant Wealth Partners LLC’s holdings in Exelon were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXC. Ameriflex Group Inc. acquired a new stake in Exelon during the fourth quarter valued at $25,000. Hazlett Burt & Watson Inc. grew its position in shares of Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon in the 1st quarter valued at about $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon in the 1st quarter valued at about $42,000. Finally, Opal Wealth Advisors LLC acquired a new position in Exelon in the 1st quarter worth about $50,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of EXC opened at $44.23 on Thursday. 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 $48.11. The stock has a market capitalization of $44.67 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 2.59 and a beta of 0.41. The stock has a 50 day moving average price of $44.04 and a 200 day moving average price of $44.19.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EXC shares. UBS Group restated a “neutral” rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Finally, Morgan Stanley restated an “outperform” rating on shares of Exelon in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and an average price target of $47.33.

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.