Prime Capital Investment Advisors LLC Cuts Stake in Exelon Corporation $EXC

Prime Capital Investment Advisors LLC cut its stake in Exelon Corporation (NASDAQ:EXC) by 9.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,649 shares of the company’s stock after selling 989 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Exelon were worth $419,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. DAVENPORT & Co LLC raised its holdings in shares of Exelon by 12.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 6,733 shares of the company’s stock valued at $292,000 after buying an additional 727 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Exelon by 1.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 25,546 shares of the company’s stock valued at $1,109,000 after purchasing an additional 362 shares during the period. Quent Capital LLC raised its stake in shares of Exelon by 5.6% during the second quarter. Quent Capital LLC now owns 5,301 shares of the company’s stock valued at $230,000 after purchasing an additional 281 shares during the period. Hennessy Advisors Inc. raised its stake in shares of Exelon by 5.3% during the second quarter. Hennessy Advisors Inc. now owns 151,731 shares of the company’s stock valued at $6,588,000 after purchasing an additional 7,700 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Exelon by 6.0% during the 2nd quarter. QRG Capital Management Inc. now owns 363,269 shares of the company’s stock worth $15,773,000 after buying an additional 20,540 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Up 0.9%

Shares of Exelon stock opened at $47.07 on Friday. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a market cap of $47.54 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.74 and a beta of 0.40. The business has a 50-day moving average price of $44.41 and a 200 day moving average price of $44.33.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results 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 business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXC. UBS Group lifted their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley dropped their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a report on Wednesday. KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. Finally, Evercore ISI began coverage on Exelon in a report on Monday. They set an “outperform” rating and a $57.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $48.33.

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.