Exelon Corporation $EXC Shares Sold by Amundi

Amundi decreased its stake in shares of Exelon Corporation (NASDAQ:EXC) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,012,894 shares of the company’s stock after selling 280,504 shares during the quarter. Amundi’s holdings in Exelon were worth $346,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Manchester Capital Management LLC grew its holdings in shares of Exelon by 11.6% during the second quarter. Manchester Capital Management LLC now owns 2,164 shares of the company’s stock valued at $94,000 after buying an additional 225 shares during the last quarter. Empirical Finance LLC lifted its position in Exelon by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 34,812 shares of the company’s stock worth $1,512,000 after acquiring an additional 226 shares during the period. Boyd Watterson Asset Management LLC OH lifted 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 acquiring an additional 229 shares during the period. Focus Partners Wealth grew its stake in Exelon by 0.6% during the 1st quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock valued at $1,836,000 after purchasing an additional 234 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Exelon by 2.2% in the second quarter. Concurrent Investment Advisors LLC now owns 12,246 shares of the company’s stock valued at $532,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of several research analyst reports. BTIG Research initiated coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. Evercore ISI began coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. KeyCorp raised their price target on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a research note on Wednesday, October 15th. Finally, Barclays increased their price objective on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.45.

Exelon Price Performance

Shares of NASDAQ EXC opened at $43.81 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85. The stock has a market capitalization of $44.26 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.70 and a beta of 0.45. The firm’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $44.57. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51.

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

Exelon Announces Dividend

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

Exelon Profile

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.