Exelon Corporation $EXC Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its holdings in Exelon Corporation (NASDAQ:EXC) by 30.3% in the third quarter, Holdings Channel reports. The firm owned 253,369 shares of the company’s stock after selling 109,900 shares during the period. QRG Capital Management Inc.’s holdings in Exelon were worth $11,404,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its holdings in Exelon by 1.1% in the third quarter. Sowell Financial Services LLC now owns 20,499 shares of the company’s stock worth $923,000 after acquiring an additional 215 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Exelon by 11.6% in the 2nd quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after purchasing an additional 225 shares during the last quarter. Empirical Finance LLC boosted its stake in Exelon by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after purchasing an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its position in Exelon by 4.8% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after purchasing an additional 229 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Exelon by 5.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 4,965 shares of the company’s stock valued at $223,000 after purchasing an additional 236 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 1.3%

Exelon stock opened at $44.73 on Friday. The business’s 50-day moving average price is $44.46 and its 200 day moving average price is $44.68. 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 cap of $45.19 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. Exelon Corporation has a 52 week low of $38.85 and a 52 week high of $48.51.

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

Exelon Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp set a $39.00 price objective on shares of Exelon in a research note on Friday, December 12th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective on the stock. Jefferies Financial Group set a $57.00 target price on Exelon in a report on Wednesday, October 15th. Finally, BTIG Research started coverage on shares of Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.85.

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.