AE Wealth Management LLC Buys 43,997 Shares of Exelon Corporation $EXC

AE Wealth Management LLC boosted its position in Exelon Corporation (NASDAQ:EXC) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 956,855 shares of the company’s stock after purchasing an additional 43,997 shares during the period. AE Wealth Management LLC’s holdings in Exelon were worth $43,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXC. ATLAS Infrastructure Partners UK Ltd. grew its position in Exelon by 3.6% during the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 6,003,808 shares of the company’s stock valued at $260,685,000 after buying an additional 208,242 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Exelon by 3.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 987,350 shares of the company’s stock worth $44,441,000 after acquiring an additional 28,443 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Exelon during the 3rd quarter valued at $10,875,000. Exchange Traded Concepts LLC increased its stake in shares of Exelon by 92.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 53,711 shares of the company’s stock worth $2,418,000 after purchasing an additional 25,863 shares in the last quarter. Finally, Econ Financial Services Corp bought a new position in Exelon in the 3rd quarter worth $1,926,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.2%

Shares of EXC opened at $44.76 on Thursday. The firm has a market cap of $45.22 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. 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 1 year low of $39.47 and a 1 year high of $48.51. The company has a 50 day simple moving average of $44.28 and a two-hundred day simple moving average of $44.77.

Exelon (NASDAQ:EXC) last issued 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. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BTIG Research assumed coverage on Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. UBS Group cut their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company decreased their target price on shares of Exelon from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. KeyCorp set a $39.00 price target on shares of Exelon in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.38.

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.