Pictet Asset Management Holding SA Trims Holdings in Exelon Corporation $EXC

Pictet Asset Management Holding SA decreased its position in shares of Exelon Corporation (NASDAQ:EXC) by 73.7% in the first quarter, HoldingsChannel reports. The firm owned 531,344 shares of the company’s stock after selling 1,490,158 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Exelon were worth $26,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc raised its position in Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after buying an additional 287 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Exelon during the 4th quarter valued at approximately $25,000. Optima Capital LLC purchased a new stake in shares of Exelon in the 4th quarter valued at $25,000. SHP Wealth Management acquired a new stake in shares of Exelon in the fourth quarter worth $26,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Exelon during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ EXC opened at $46.26 on Thursday. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.70 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.47 and a twelve month high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock has a 50-day moving average of $45.68 and a 200 day moving average of $46.13.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.Exelon’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $50.00 to $49.00 in a research report on Friday, April 17th. Jefferies Financial Group downgraded Exelon from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $50.00 in a research note on Monday, April 20th. TD Cowen reduced their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. BMO Capital Markets reissued a “market perform” rating and issued a $49.00 price target (down from $52.00) on shares of Exelon in a report on Friday, April 17th. Finally, Mizuho set a $48.00 price objective on Exelon and gave the stock a “neutral” rating in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $50.27.

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.