Wealth Enhancement Advisory Services LLC Increases Stake in Exelon Corporation $EXC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 73.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 621,719 shares of the company’s stock after acquiring an additional 264,237 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of Exelon worth $29,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Exelon by 3.6% during the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock worth $260,685,000 after acquiring an additional 208,242 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Exelon by 92.9% during the third quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock worth $2,418,000 after purchasing an additional 25,863 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Exelon by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock valued at $72,637,000 after purchasing an additional 100,406 shares in the last quarter. Econ Financial Services Corp purchased a new position in Exelon in the third quarter worth $1,926,000. Finally, RWC Asset Management LLP grew its position in Exelon by 6.1% during the third quarter. RWC Asset Management LLP now owns 1,966,320 shares of the company’s stock worth $88,504,000 after buying an additional 112,199 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXC. Royal Bank Of Canada assumed coverage on Exelon in a research note on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 target price on the stock. BTIG Research assumed coverage on shares of Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. TD Cowen began coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Finally, Barclays upped their price objective on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.77.

Exelon Stock Performance

NASDAQ:EXC opened at $45.13 on Wednesday. Exelon Corporation has a twelve month low of $38.85 and a twelve month high of $48.51. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.63 and a beta of 0.46. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm’s fifty day simple moving average is $44.44 and its 200 day simple moving average is $44.72.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon’s payout ratio is currently 57.35%.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.