Exchange Traded Concepts LLC Has $2.42 Million Position in Exelon Corporation $EXC

Exchange Traded Concepts LLC increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 92.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,711 shares of the company’s stock after buying an additional 25,863 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Exelon were worth $2,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC grew its stake in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Exelon during the second quarter worth $29,000. CoreFirst Bank & Trust bought a new position in Exelon in the second quarter valued at $38,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon in the 2nd quarter valued at $39,000. Finally, Sound Income Strategies LLC lifted its position in Exelon by 213.7% during the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after buying an additional 810 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen started coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Morgan Stanley reiterated an “underperform” rating and set a $52.00 price objective on shares of Exelon in a research note on Thursday, November 20th. KeyCorp set a $39.00 price objective on Exelon in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.75.

Exelon Price Performance

NASDAQ:EXC opened at $43.96 on Friday. Exelon Corporation has a 12-month low of $37.06 and a 12-month high of $48.51. The firm has a market capitalization of $44.41 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 2.67 and a beta of 0.45. The stock’s 50 day moving average price is $45.59 and its two-hundred day moving average price is $44.58. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping 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 business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, November 10th. Exelon’s payout ratio is currently 57.35%.

Exelon Company Profile

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.