Abundance Wealth Counselors Has $2.51 Million Stock Position in Exelon Corporation $EXC

Abundance Wealth Counselors lifted its stake in Exelon Corporation (NASDAQ:EXC) by 7.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 58,244 shares of the company’s stock after buying an additional 4,030 shares during the period. Abundance Wealth Counselors’ holdings in Exelon were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Providence Wealth Advisors LLC grew its stake in shares of Exelon by 0.6% in the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after acquiring an additional 220 shares during the last quarter. CWM LLC grew its stake in shares of Exelon by 0.7% in the first quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after acquiring an additional 226 shares during the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Exelon by 2.4% in the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after acquiring an additional 230 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Exelon by 0.6% in the first quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock worth $1,836,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXC shares. KeyCorp lowered their price objective on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. UBS Group reaffirmed a “neutral” rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley reduced their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.44.

Exelon Stock Down 0.2%

Shares of EXC stock opened at $44.97 on Friday. The stock has a market cap of $45.42 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The stock has a fifty day moving average price of $44.15 and a 200 day moving average price of $44.23. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts predict 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, September 15th. Shareholders of record on Monday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

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.