WESPAC Advisors LLC Takes Position in Exelon Corporation $EXC

WESPAC Advisors LLC bought a new stake in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,958 shares of the company’s stock, valued at approximately $693,000.

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

Exelon Stock Performance

Exelon stock opened at $46.79 on Wednesday. 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 company has a market capitalization of $47.26 billion, a PE ratio of 17.79, a P/E/G ratio of 2.68 and a beta of 0.40. The firm has a fifty day simple moving average of $44.28 and a two-hundred day simple moving average of $44.26. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly 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. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts expect 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is 60.84%.

Analysts Set New Price Targets

A number of research firms have issued reports on EXC. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Evercore ISI began coverage on Exelon in a research note on Monday. They set an “outperform” rating and a $57.00 price target for the company. UBS Group reiterated a “neutral” rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research report on Saturday, September 27th. Finally, Morgan Stanley dropped their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $48.11.

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.