Wealth Enhancement Advisory Services LLC Purchases 88,381 Shares of Exelon Corporation $EXC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Exelon Corporation by 32.8%, acquiring an additional 88,381 shares, bringing its total shares to 357,482 valued at approximately $15.4 million.
• Exelon recently reported earnings per share of $0.39 for the quarter, surpassing analysts' expectations of $0.37, and set its FY 2025 guidance between $2.640 and $2.740 EPS.
• The company announced a quarterly dividend of $0.40, with a yield of 3.7% and a dividend payout ratio of 60.84%.

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 32.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,482 shares of the company's stock after buying an additional 88,381 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Exelon were worth $15,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Exelon by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after purchasing an additional 581,686 shares during the last quarter. Deutsche Bank AG raised its stake in Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock worth $729,777,000 after acquiring an additional 106,917 shares during the last quarter. Invesco Ltd. raised its stake in Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after acquiring an additional 83,518 shares during the last quarter. Finally, Northern Trust Corp grew its position in Exelon by 11.8% during the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company's stock worth $577,470,000 after purchasing an additional 1,319,637 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Trading Up 0.7%

Shares of Exelon stock opened at $43.41 on Monday. The firm has a market capitalization of $43.84 billion, a PE ratio of 16.51, a P/E/G ratio of 2.55 and a beta of 0.41. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The firm's 50-day moving average price is $43.99 and its 200 day moving average price is $44.19. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly 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. The firm had revenue of $5.43 billion for 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 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 EPS for the current fiscal year.

Exelon Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus 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.

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