Fifth Third Wealth Advisors LLC Sells 267 Shares of Exelon Corporation $EXC

Fifth Third Wealth Advisors LLC cut its position in shares of Exelon Corporation (NASDAQ:EXC) by 1.9% in the second quarter, HoldingsChannel reports. The firm owned 13,604 shares of the company’s stock after selling 267 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Exelon were worth $591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Nuveen LLC bought a new stake in Exelon during the 1st quarter valued at $285,428,000. ATLAS Infrastructure Partners UK Ltd. raised its position in Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after purchasing an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC raised its position in Exelon by 506.9% during 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 in the last quarter. Electron Capital Partners LLC bought a new stake in Exelon during the 1st quarter valued at $117,274,000. Finally, GQG Partners LLC bought a new stake in Exelon during the 1st quarter valued at $112,832,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.9%

Shares of EXC stock opened at $47.07 on Monday. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The stock’s fifty day moving average price is $44.41 and its 200 day moving average price is $44.33. 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 market cap of $47.54 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 2.91 and a beta of 0.40.

Exelon (NASDAQ:EXC) last announced its earnings results 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is 60.84%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. UBS Group lifted their price target on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley cut their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $48.33.

About Exelon

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.