Wealth Management Associates Inc. Sells 450 Shares of Exelon Corporation $EXC

Wealth Management Associates Inc. decreased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,323 shares of the company’s stock after selling 450 shares during the period. Wealth Management Associates Inc.’s holdings in Exelon were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after buying an additional 581,686 shares during the period. Deutsche Bank AG boosted its holdings in Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after buying an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after buying an additional 106,917 shares during the period. Invesco Ltd. boosted its holdings in Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after buying an additional 83,518 shares during the period. Finally, Northern Trust Corp boosted its holdings in Exelon by 11.8% in the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after buying an additional 1,319,637 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.8%

Shares of NASDAQ EXC opened at $47.70 on Wednesday. The firm’s 50-day moving average price is $45.10 and its 200-day moving average price is $44.54. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $48.18 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 2.98 and a beta of 0.40. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent analyst reports. Evercore ISI initiated coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. KeyCorp increased their price objective on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. TD Cowen assumed coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Exelon in a report on Monday. They set an “overweight” rating and a $52.00 price objective for the company. Finally, Barclays increased their price objective on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.55.

Exelon Company 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.