Hennessy Advisors Inc. Trims Stock Holdings in Exelon Corporation $EXC

Hennessy Advisors Inc. lowered its stake in shares of Exelon Corporation (NASDAQ:EXC) by 13.0% during the third quarter, Holdings Channel reports. The fund owned 131,931 shares of the company’s stock after selling 19,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Exelon were worth $5,938,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EXC. Norges Bank purchased a new position in Exelon in the 2nd quarter valued at about $589,122,000. Canada Pension Plan Investment Board lifted its stake in shares of Exelon by 164.3% during the second quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after buying an additional 3,476,942 shares during the period. AQR Capital Management LLC boosted its position in 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 acquiring an additional 2,603,959 shares during the last quarter. Electron Capital Partners LLC purchased a new stake in Exelon in the 1st quarter worth approximately $117,274,000. Finally, State Street Corp grew its stake in Exelon by 4.0% in the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after acquiring an additional 2,491,064 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

EXC stock opened at $43.59 on Friday. The company has a market cap of $44.04 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.67 and a beta of 0.46. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average price of $45.17 and a two-hundred day moving average price of $44.61. Exelon Corporation has a 12-month low of $37.13 and a 12-month high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share 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 business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EXC. JPMorgan Chase & Co. decreased their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. BTIG Research began coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, KeyCorp set a $39.00 target price on shares of Exelon in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.75.

Exelon 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.