Exelon Corporation $EXC Shares Sold by Electron Capital Partners LLC

Electron Capital Partners LLC trimmed its position in Exelon Corporation (NASDAQ:EXC) by 38.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,567,565 shares of the company’s stock after selling 977,449 shares during the period. Exelon comprises about 3.6% of Electron Capital Partners LLC’s investment portfolio, making the stock its 13th largest position. Electron Capital Partners LLC owned about 0.16% of Exelon worth $68,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Norges Bank purchased a new position in shares of Exelon during the second quarter valued at approximately $589,122,000. ATLAS Infrastructure Partners UK Ltd. raised its holdings in Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after acquiring an additional 3,815,722 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Exelon by 164.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock worth $242,875,000 after purchasing an additional 3,476,942 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after purchasing an additional 2,603,959 shares during the last quarter. Finally, State Street Corp grew its position in shares of Exelon by 4.0% in the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after purchasing an additional 2,491,064 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 1.1%

NASDAQ EXC opened at $43.57 on Friday. The firm has a market capitalization of $44.02 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.65 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company’s 50 day moving average price is $46.14 and its 200 day moving average price is $44.55.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price objective on shares of Exelon in a research note on Thursday, November 20th. JPMorgan Chase & Co. decreased their target price on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday. TD Cowen assumed coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Finally, UBS Group increased their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.92.

About Exelon

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.