Covestor Ltd Sells 698 Shares of Exelon Co. (NASDAQ:EXC)

11 Apr 2025, 07:18 by Amy Steele · The Cerbat Gem

Covestor Ltd lowered its stake in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,688 shares of the company’s stock after selling 698 shares during the quarter. Covestor Ltd’s holdings in Exelon were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in Exelon during the 4th quarter valued at about $28,000. Stephens Consulting LLC boosted its holdings in shares of Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon in the fourth quarter worth $30,000. Crews Bank & Trust bought a new position in Exelon in the 4th quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXC. Morgan Stanley increased their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.13.

Check Out Our Latest Report on EXC

Exelon Stock Performance

NASDAQ EXC opened at $45.12 on Friday. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. The stock has a market capitalization of $45.55 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.86 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a 50-day moving average of $43.70 and a 200 day moving average of $40.55.

Exelon (NASDAQ:EXC – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period in the previous year, the firm earned $0.60 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s payout ratio is currently 65.31%.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Exelon Company Profile

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