Cetera Investment Advisers Decreases Stock Holdings in Exelon Corporation $EXC

Cetera Investment Advisers reduced its position in Exelon Corporation (NASDAQ:EXC) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 233,817 shares of the company’s stock after selling 11,968 shares during the quarter. Cetera Investment Advisers’ holdings in Exelon were worth $10,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Nuveen LLC acquired a new stake in Exelon in the first quarter valued at approximately $285,428,000. ATLAS Infrastructure Partners UK Ltd. lifted its holdings in shares of Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after purchasing an additional 3,815,722 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Exelon by 506.9% in the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after purchasing an additional 2,603,959 shares in the last quarter. Electron Capital Partners LLC purchased a new position in Exelon during the 1st quarter worth $117,274,000. Finally, GQG Partners LLC acquired a new position in Exelon during the 1st quarter valued at about $112,832,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXC. Evercore ISI began coverage on shares of Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. TD Cowen began coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price on the stock. Finally, UBS Group raised their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus price target of $50.45.

Exelon Price Performance

Shares of Exelon stock opened at $45.75 on Friday. The firm has a market cap of $46.22 billion, a PE ratio of 17.40, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51. 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 business has a 50-day moving average price of $45.90 and a 200 day moving average price of $44.48.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. 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 fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio is presently 57.35%.

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.