Hennessy Advisors Inc. Lowers Holdings in Exelon Corporation $EXC

Hennessy Advisors Inc. lowered its position in shares of Exelon Corporation (NASDAQ:EXC) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,931 shares of the company’s stock after selling 19,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Exelon were worth $5,938,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC increased its stake in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Exelon in the 2nd quarter valued at approximately $29,000. CoreFirst Bank & Trust acquired a new position in Exelon during the 2nd quarter worth approximately $38,000. Investment Research & Advisory Group Inc. acquired a new position in Exelon during the 2nd quarter worth approximately $39,000. Finally, Albion Financial Group UT raised its stake in shares of Exelon by 54.7% during the 3rd quarter. Albion Financial Group UT now owns 928 shares of the company’s stock worth $42,000 after buying an additional 328 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on EXC shares. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. KeyCorp set a $39.00 price target on shares of Exelon in a research note on Friday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Finally, Evercore ISI started coverage on shares of Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.75.

Exelon Trading Down 0.8%

Shares of EXC stock opened at $43.59 on Friday. The stock has a market cap of $44.04 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.67 and a beta of 0.46. 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 Corporation has a fifty-two week low of $37.13 and a fifty-two week high of $48.51. The business has a fifty day simple moving average of $45.17 and a 200-day simple moving average of $44.61.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. 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 forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, November 10th. Exelon’s dividend payout ratio (DPR) is 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.