Exelon Corporation $EXC Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its position in Exelon Corporation (NASDAQ:EXC) by 9.5% during the second quarter, Holdings Channel.com reports. The firm owned 7,908 shares of the company’s stock after acquiring an additional 688 shares during the period. Resonant Capital Advisors LLC’s holdings in Exelon were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Hager Investment Management Services LLC raised its holdings in shares of Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon in the 1st quarter valued at $34,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Exelon in the 2nd quarter valued at $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon in the 1st quarter valued at $42,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Exelon in a research note on Monday. They set an “overweight” rating on the stock. Finally, BTIG Research began coverage on shares of Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.36.

Exelon Trading Up 0.1%

Shares of Exelon stock opened at $48.07 on Tuesday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The company has a market capitalization of $48.55 billion, a P/E ratio of 18.28, a PEG ratio of 2.98 and a beta of 0.40. The company’s fifty day moving average is $45.04 and its two-hundred day moving average is $44.53.

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

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.