Cliftonlarsonallen Wealth Advisors LLC Cuts Holdings in Exelon Corporation $EXC

Cliftonlarsonallen Wealth Advisors LLC decreased its holdings in Exelon Corporation (NASDAQ:EXC) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 49,769 shares of the company’s stock after selling 1,875 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exelon were worth $2,161,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. increased its holdings in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the 1st quarter valued at about $34,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon in the second quarter worth approximately $39,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon during the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Exelon during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.1%

Shares of EXC stock opened at $45.06 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. The stock has a market cap of $45.51 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.64 and a beta of 0.40. The company has a 50 day simple moving average of $44.13 and a two-hundred day simple moving average of $44.22.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter last year, the company posted $0.47 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared 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. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s payout ratio is currently 60.84%.

Analyst Upgrades and Downgrades

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

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.