Stratos Wealth Partners LTD. Sells 264 Shares of Exelon Corporation $EXC

Stratos Wealth Partners LTD. lowered its position in Exelon Corporation (NASDAQ:EXC) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,827 shares of the company’s stock after selling 264 shares during the period. Stratos Wealth Partners LTD.’s holdings in Exelon were worth $774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXC. Riverbend Wealth Management LLC purchased a new position in shares of Exelon in the 2nd quarter worth about $201,000. Nordea Investment Management AB increased its stake in Exelon by 11.7% during the 2nd quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock valued at $298,669,000 after purchasing an additional 724,957 shares in the last quarter. New York State Teachers Retirement System increased its stake in Exelon by 12.9% during the 2nd quarter. New York State Teachers Retirement System now owns 844,143 shares of the company’s stock valued at $36,653,000 after purchasing an additional 96,733 shares in the last quarter. Davidson Investment Advisors raised its holdings in Exelon by 1.0% in the second quarter. Davidson Investment Advisors now owns 395,160 shares of the company’s stock worth $17,158,000 after buying an additional 3,992 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Exelon by 18.5% in the second quarter. Rosenberg Matthew Hamilton now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $48.11 on Thursday. 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 stock has a market capitalization of $48.59 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40. The firm’s 50 day moving average price is $44.83 and its 200-day moving average price is $44.45. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue 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 expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EXC shares. Barclays boosted their price objective on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price target on the stock. TD Cowen started coverage on Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective on the stock. KeyCorp boosted their target price on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $50.36.

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.