Cerity Partners LLC Has $12.37 Million Stock Holdings in Exelon Corporation $EXC

Cerity Partners LLC lowered its position in Exelon Corporation (NASDAQ:EXC) by 41.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 284,874 shares of the company’s stock after selling 201,094 shares during the quarter. Cerity Partners LLC’s holdings in Exelon were worth $12,369,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its holdings in Exelon by 11.5% during the 1st quarter. Atria Wealth Solutions Inc. now owns 15,490 shares of the company’s stock worth $714,000 after acquiring an additional 1,592 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Exelon during the first quarter worth $55,000. Townsquare Capital LLC grew its stake in shares of Exelon by 25.1% in the first quarter. Townsquare Capital LLC now owns 23,644 shares of the company’s stock worth $1,090,000 after purchasing an additional 4,748 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Exelon in the first quarter worth $609,000. Finally, Independent Advisor Alliance increased its holdings in Exelon by 3.2% in the first quarter. Independent Advisor Alliance now owns 20,898 shares of the company’s stock valued at $963,000 after purchasing an additional 649 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 1.1%

EXC opened at $43.28 on Thursday. The company has a fifty day moving average price of $46.22 and a two-hundred day moving average price of $44.56. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company has a market cap of $43.73 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon’s payout ratio is currently 57.35%.

Wall Street Analyst Weigh In

Several brokerages have commented on EXC. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. TD Cowen initiated coverage on shares of Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target on the stock. KeyCorp increased their price objective on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Finally, BTIG Research assumed coverage on shares of Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and an average price target of $50.45.

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.