Vaughan David Investments LLC IL Sells 793,633 Shares of Exelon Corporation $EXC

Vaughan David Investments LLC IL lowered its holdings in Exelon Corporation (NASDAQ:EXC) by 88.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,659 shares of the company’s stock after selling 793,633 shares during the period. Vaughan David Investments LLC IL’s holdings in Exelon were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC increased its position in shares of Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Exelon during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new stake in shares of Exelon during the 3rd quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Exelon in the 3rd quarter valued at approximately $32,000. Finally, Motco boosted its holdings in shares of Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after buying an additional 696 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 0.6%

Shares of EXC stock opened at $44.48 on Tuesday. Exelon Corporation has a twelve month low of $38.85 and a twelve month high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $44.94 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.63 and a beta of 0.46. The stock’s fifty day simple moving average is $44.45 and its 200 day simple moving average is $44.71.

Exelon (NASDAQ:EXC) last issued its quarterly 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. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The firm 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. As a group, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon’s payout ratio is presently 57.35%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXC. Barclays boosted their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Morgan Stanley reiterated an “underperform” rating and issued a $52.00 target price on shares of Exelon in a research note on Thursday, November 20th. Royal Bank Of Canada started coverage on Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price target for the company. Finally, UBS Group dropped their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.77.

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.