Exelon Corporation $EXC Stock Position Boosted by Bare Financial Services Inc

Bare Financial Services Inc raised its stake in shares of Exelon Corporation (NASDAQ:EXC) by 105.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,009 shares of the company’s stock after buying an additional 2,574 shares during the period. Bare Financial Services Inc’s holdings in Exelon were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of Exelon by 5.3% during the first quarter. LPL Financial LLC now owns 371,350 shares of the company’s stock valued at $17,112,000 after acquiring an additional 18,646 shares during the period. Federated Hermes Inc. boosted its stake in Exelon by 346.9% during the 1st quarter. Federated Hermes Inc. now owns 139,355 shares of the company’s stock valued at $6,421,000 after purchasing an additional 108,172 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Exelon by 17.2% during the 1st quarter. Arkadios Wealth Advisors now owns 8,963 shares of the company’s stock valued at $413,000 after purchasing an additional 1,318 shares during the period. Harbour Investments Inc. raised its stake in shares of Exelon by 12.8% in the 1st quarter. Harbour Investments Inc. now owns 6,870 shares of the company’s stock worth $317,000 after buying an additional 779 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Exelon by 1.7% in the 1st quarter. US Bancorp DE now owns 166,752 shares of the company’s stock worth $7,684,000 after buying an additional 2,767 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Morgan Stanley reissued an “underperform” rating and issued a $52.00 price target on shares of Exelon in a report on Thursday, November 20th. Evercore ISI started coverage on shares of Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. KeyCorp boosted their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.45.

Exelon Stock Up 1.7%

EXC stock opened at $47.36 on Monday. 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 firm has a market capitalization of $47.85 billion, a P/E ratio of 18.01, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. The company’s 50 day simple moving average is $46.23 and its 200-day simple moving average is $44.55.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is presently 57.35%.

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.