Redhawk Wealth Advisors Inc. Has $246,000 Position in Exelon Corporation $EXC

Key Points

• Redhawk Wealth Advisors Inc. significantly reduced its stake in Exelon Corporation by 78.2% during the 2nd quarter, leaving it with 5,665 shares valued at approximately $246,000.
• Exelon recently reported a quarterly EPS of $0.39, exceeding analysts' expectations, while revenue was $5.43 billion, slightly below the consensus estimate.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annualized yield of 3.7% and a dividend payout ratio of 60.84%.

Redhawk Wealth Advisors Inc. lowered its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 78.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,665 shares of the company's stock after selling 20,331 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Exelon were worth $246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Exelon in the first quarter worth $285,428,000. ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Exelon by 192.7% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company's stock worth $267,060,000 after acquiring an additional 3,815,722 shares during the last quarter. AQR Capital Management LLC lifted its position in Exelon by 506.9% in the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company's stock valued at $143,163,000 after purchasing an additional 2,603,959 shares during the last quarter. Electron Capital Partners LLC acquired a new position in Exelon during the 1st quarter valued at about $117,274,000. Finally, GQG Partners LLC bought a new position in Exelon in the 1st quarter worth about $112,832,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Up 0.5%

Shares of EXC stock traded up $0.20 during trading hours on Tuesday, reaching $43.60. 769,321 shares of the stock traded hands, compared to its average volume of 7,091,921. 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 firm has a market capitalization of $44.03 billion, a PE ratio of 16.60, a PEG ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The business has a fifty day moving average price of $43.99 and a 200 day moving average price of $44.19.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period 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, equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EXC shares. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $47.33.

Exelon 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.