GC Wealth Management RIA LLC Purchases Shares of 7,427 Exelon Corporation $EXC

Key Points

• GC Wealth Management RIA LLC has acquired a new stake in Exelon Corporation, purchasing 7,427 shares valued at approximately $322,000.
• Wall Street analysts currently maintain a consensus rating of "Hold" for Exelon with an average price target of $47.44.
• Exelon recently announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 3.6%.

GC Wealth Management RIA LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,427 shares of the company's stock, valued at approximately $322,000.

Other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its position 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 during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon in the 1st quarter worth about $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon in the 2nd quarter worth about $39,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon in the 1st quarter worth about $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon in the 1st quarter worth about $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXC. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Morgan Stanley dropped their target price on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $47.44.

Exelon Stock Up 0.1%

Shares of Exelon stock opened at $45.06 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a 50-day moving average of $44.13 and a 200 day moving average of $44.22. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.64 and a beta of 0.40. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio (DPR) is currently 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.

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