Glass Jacobson Investment Advisors llc Has $115,000 Stock Holdings in Exelon Corporation $EXC

Glass Jacobson Investment Advisors llc reduced its position in shares of Exelon Corporation (NASDAQ:EXC) by 17.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,650 shares of the company’s stock after selling 542 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Exelon were worth $115,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sage Mountain Advisors LLC acquired a new position in shares of Exelon during the second quarter worth approximately $284,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Exelon by 10.1% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,688,783 shares of the company’s stock valued at $116,747,000 after purchasing an additional 246,766 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Exelon by 2.4% during the second quarter. Asset Management One Co. Ltd. now owns 421,096 shares of the company’s stock worth $18,284,000 after buying an additional 10,033 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Exelon by 15.5% in the second quarter. Bleakley Financial Group LLC now owns 13,896 shares of the company’s stock valued at $603,000 after buying an additional 1,869 shares in the last quarter. Finally, LifeWealth Investments LLC acquired a new position in shares of Exelon during the second quarter valued at about $369,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. TD Cowen assumed coverage on Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. KeyCorp upped their price target on Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. UBS Group raised their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.36.

Exelon Stock Up 0.9%

EXC stock opened at $48.03 on Friday. The stock has a market cap of $48.51 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.98 and a beta of 0.40. 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’s fifty day simple moving average is $44.96 and its two-hundred day simple moving average is $44.50. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51.

Exelon (NASDAQ:EXC) last released its 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 net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The company’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. Analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.3%. Exelon’s dividend payout ratio is 60.84%.

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.