Geode Capital Management LLC Sells 32,972 Shares of Exelon Corporation $EXC

Geode Capital Management LLC cut its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,420,198 shares of the company’s stock after selling 32,972 shares during the quarter. Geode Capital Management LLC owned 2.81% of Exelon worth $1,234,365,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXC. Optima Capital LLC bought a new position in shares of Exelon during the fourth quarter worth approximately $25,000. LRI Investments LLC increased its stake in Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 392 shares during the last quarter. Beacon Financial Strategies CORP bought a new position in Exelon in the fourth quarter valued at approximately $26,000. Leonteq Securities AG bought a new position in Exelon in the fourth quarter valued at approximately $26,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Exelon by 289.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 778 shares of the company’s stock valued at $34,000 after acquiring an additional 578 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of Exelon stock opened at $45.58 on Friday. Exelon Corporation has a fifty-two week low of $42.11 and a fifty-two week high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The firm has a market capitalization of $46.64 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.68 and a beta of 0.32. The company’s 50 day moving average price is $46.83 and its two-hundred day moving average price is $46.02.

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

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Citigroup initiated coverage on shares of Exelon in a research note on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective on the stock. Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and decreased their price objective for the company from $55.00 to $50.00 in a research note on Monday, April 20th. TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Mizuho set a $48.00 price objective on shares of Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.33.

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.