Ameritas Advisory Services LLC Cuts Stock Holdings in Exelon Corporation $EXC

Key Points

• Ameritas Advisory Services LLC reduced its holdings in Exelon Corporation by 81.4%, owning only 3,229 shares after selling 14,105 shares in the second quarter.
• Exelon reported a quarterly EPS of $0.39, beating the consensus estimate of $0.37, while its revenue for the quarter was $5.43 billion.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annual yield of 3.4% and a dividend payout ratio of 60.84%.

Ameritas Advisory Services LLC reduced its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 81.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,229 shares of the company's stock after selling 14,105 shares during the quarter. Ameritas Advisory Services LLC's holdings in Exelon were worth $140,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its holdings in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Exelon during the 1st quarter valued at $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon during the 2nd quarter valued at $39,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon during the 1st quarter valued at $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Exelon during the 1st quarter valued at $50,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.1%

Exelon stock opened at $46.66 on Friday. The firm has a 50 day moving average price of $44.36 and a 200 day moving average price of $44.30. The company has a market capitalization of $47.13 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $5.47 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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

Analyst Ratings Changes

EXC has been the topic of a number of analyst reports. UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. KeyCorp cut their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a report on Wednesday. Evercore ISI began coverage on Exelon in a research report on Monday. They set an "outperform" rating and a $57.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exelon presently has a consensus rating of "Hold" and a consensus price target of $48.11.

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.

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