Edgestream Partners L.P. Has $5.39 Million Stock Position in Exelon Corporation $EXC

Edgestream Partners L.P. lowered its position in Exelon Corporation (NASDAQ:EXC) by 35.8% during the 2nd quarter, Holdings Channel reports. The fund owned 124,172 shares of the company’s stock after selling 69,216 shares during the period. Edgestream Partners L.P.’s holdings in Exelon were worth $5,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXC. LPL Financial LLC lifted its holdings in shares of Exelon by 5.3% in the 1st quarter. LPL Financial LLC now owns 371,350 shares of the company’s stock worth $17,112,000 after purchasing an additional 18,646 shares in the last quarter. Arkadios Wealth Advisors increased its stake in 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 in the last quarter. Harbour Investments Inc. raised its holdings in Exelon by 12.8% during the first quarter. Harbour Investments Inc. now owns 6,870 shares of the company’s stock worth $317,000 after buying an additional 779 shares during the last quarter. US Bancorp DE lifted its stake in shares of Exelon by 1.7% in the first quarter. US Bancorp DE now owns 166,752 shares of the company’s stock valued at $7,684,000 after buying an additional 2,767 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Exelon by 3.6% during the first quarter. PNC Financial Services Group Inc. now owns 332,085 shares of the company’s stock valued at $15,302,000 after buying an additional 11,676 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $45.00 on Wednesday. The company has a market capitalization of $45.46 billion, a PE ratio of 16.13, a PEG ratio of 2.81 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average price is $46.29 and its 200-day moving average price is $44.57. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EXC shares. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. UBS Group raised their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 target price on shares of Exelon in a research report on Thursday, November 20th. Finally, KeyCorp increased their price target on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.45.

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.