Cerity Partners LLC Has $12.37 Million Stock Holdings in Exelon Corporation $EXC

Cerity Partners LLC lowered its position in Exelon Corporation (NASDAQ:EXC) by 41.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,874 shares of the company’s stock after selling 201,094 shares during the quarter. Cerity Partners LLC’s holdings in Exelon were worth $12,369,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EXC. Atria Wealth Solutions Inc. raised its stake in Exelon by 11.5% in the 1st quarter. Atria Wealth Solutions Inc. now owns 15,490 shares of the company’s stock valued at $714,000 after acquiring an additional 1,592 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Exelon during the 1st quarter worth about $55,000. Townsquare Capital LLC boosted its holdings in shares of Exelon by 25.1% during the 1st quarter. Townsquare Capital LLC now owns 23,644 shares of the company’s stock worth $1,090,000 after buying an additional 4,748 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Exelon in the 1st quarter valued at about $609,000. Finally, Independent Advisor Alliance raised its holdings in Exelon by 3.2% in the 1st quarter. Independent Advisor Alliance now owns 20,898 shares of the company’s stock valued at $963,000 after acquiring an additional 649 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXC. Barclays boosted 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. Jefferies Financial Group set a $57.00 price target on Exelon in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Morgan Stanley reissued an “underperform” rating and set a $52.00 target price on shares of Exelon in a report on Thursday, November 20th. Finally, TD Cowen started coverage on Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.45.

Exelon Stock Down 1.1%

Shares of EXC opened at $43.28 on Thursday. The firm has a 50 day simple moving average of $46.22 and a two-hundred day simple moving average of $44.56. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company has a market cap of $43.73 billion, a P/E ratio of 15.51, a P/E/G ratio of 2.69 and a beta of 0.45.

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

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

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.