Community Bank N.A. Decreases Stock Holdings in Exelon Corporation $EXC

Community Bank N.A. decreased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 9.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 16,150 shares of the company’s stock after selling 1,760 shares during the period. Community Bank N.A.’s holdings in Exelon were worth $701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC lifted its position in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after buying an additional 335 shares in the last quarter. 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 valued at $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon during the 1st quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Exelon during the 2nd quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.1%

Shares of EXC opened at $47.38 on Wednesday. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The company has a market capitalization of $47.85 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.90 and a beta of 0.40. The stock has a fifty day simple moving average of $44.49 and a two-hundred day simple moving average of $44.37. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the company earned $0.47 EPS. The company’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. As a group, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s dividend payout ratio (DPR) is 60.84%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXC. UBS Group increased their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday. Barclays increased their price objective on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley reduced their price objective on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.78.

Exelon Company 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.