Brookstone Capital Management Trims Position in Exelon Corporation $EXC

Key Points

• Brookstone Capital Management reduced its stake in Exelon Corporation by 9.6% in Q2, selling 6,084 shares for a total of $2.48 million in holdings.
• Exelon reported Q2 earnings of $0.39 per share, exceeding expectations, while also announcing a quarterly dividend of $0.40 with a yield of 3.3%.
• Recent analyst upgrades have set target prices for Exelon ranging from $42.00 to $57.00, with a consensus rating currently at "Hold" and a target price of $50.36.

Brookstone Capital Management lessened its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 9.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,287 shares of the company's stock after selling 6,084 shares during the quarter. Brookstone Capital Management's holdings in Exelon were worth $2,487,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hager Investment Management Services LLC grew its holdings in Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company's stock valued at $29,000 after buying an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon during the first quarter worth about $34,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Exelon during the second quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon during the first quarter worth about $42,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Performance

NASDAQ:EXC opened at $48.03 on Friday. The business has a 50 day moving average of $44.96 and a 200 day moving average of $44.50. The company has a market capitalization of $48.51 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.95 and a beta of 0.40. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. Exelon's payout ratio is presently 60.84%.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent analyst reports. KeyCorp boosted their price objective on Exelon from $37.00 to $42.00 and gave the stock an "underweight" rating in a report on Wednesday, October 15th. Barclays boosted their price objective on Exelon from $48.00 to $52.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. BTIG Research initiated coverage on Exelon in a report on Tuesday. They set a "neutral" rating for the company. Jefferies Financial Group set a $57.00 price objective on Exelon in a report on Wednesday, October 15th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.36.

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.

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