TD Waterhouse Canada Inc. Sells 43,809 Shares of Exelon Corporation $EXC

TD Waterhouse Canada Inc. decreased its position in shares of Exelon Corporation (NASDAQ:EXC) by 51.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,322 shares of the company’s stock after selling 43,809 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Exelon were worth $1,793,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXC. Kestra Private Wealth Services LLC boosted its holdings in Exelon by 8.6% in the first quarter. Kestra Private Wealth Services LLC now owns 15,007 shares of the company’s stock valued at $692,000 after acquiring an additional 1,189 shares during the last quarter. IFP Advisors Inc lifted its position in Exelon by 15.3% during the 1st quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $189,000 after purchasing an additional 544 shares during the period. Choreo LLC boosted its stake in shares of Exelon by 16.6% in the 1st quarter. Choreo LLC now owns 21,413 shares of the company’s stock valued at $987,000 after purchasing an additional 3,054 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Exelon by 48.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 9,344 shares of the company’s stock valued at $431,000 after purchasing an additional 3,060 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of Exelon by 2.6% during the first quarter. Wedbush Securities Inc. now owns 19,911 shares of the company’s stock worth $918,000 after buying an additional 512 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective for the company. BTIG Research started coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. UBS Group boosted their target price on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, TD Cowen assumed coverage on Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.45.

Exelon Trading Up 0.7%

EXC opened at $45.75 on Friday. The stock has a market capitalization of $46.22 billion, a P/E ratio of 17.40, a P/E/G ratio of 2.93 and a beta of 0.44. 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 $48.51. The firm’s fifty day simple moving average is $45.90 and its 200 day simple moving average is $44.48.

Exelon (NASDAQ:EXC) last released its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

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.