Bragg Financial Advisors Inc Decreases Position in Exelon Corporation $EXC

Bragg Financial Advisors Inc lessened its holdings in Exelon Corporation (NASDAQ:EXC) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,118 shares of the company’s stock after selling 3,167 shares during the period. Bragg Financial Advisors Inc’s holdings in Exelon were worth $2,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ameriflex Group Inc. purchased a new stake in shares of Exelon during the 4th quarter worth $25,000. Hazlett Burt & Watson Inc. lifted its position in shares of Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon during the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon during the 1st quarter worth $50,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Evercore ISI raised their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. BMO Capital Markets raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. UBS Group restated a “neutral” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley reduced their price objective on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.20.

Exelon Trading Down 0.5%

Shares of EXC opened at $44.64 on Friday. The firm’s 50-day moving average is $43.74 and its two-hundred day moving average is $44.06. The firm has a market capitalization of $45.09 billion, a P/E ratio of 16.97, a PEG ratio of 2.63 and a beta of 0.38. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. 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) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business 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%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon’s dividend payout ratio is currently 60.84%.

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.