Assenagon Asset Management S.A. Sells 285,547 Shares of Exelon Corporation $EXC

Assenagon Asset Management S.A. cut its position in shares of Exelon Corporation (NASDAQ:EXC) by 56.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 216,128 shares of the company’s stock after selling 285,547 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Exelon were worth $10,595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Optima Capital LLC purchased a new stake in Exelon in the fourth quarter worth $25,000. Motiv8 Investments LLC purchased a new position in shares of Exelon during the 4th quarter valued at $25,000. Beacon Financial Strategies CORP bought a new position in shares of Exelon during the 4th quarter worth $26,000. Leonteq Securities AG bought a new position in shares of Exelon during the 4th quarter worth $26,000. Finally, Bell Investment Advisors Inc raised its stake in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC stock opened at $47.42 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a fifty-two week low of $42.39 and a fifty-two week high of $50.65. The firm has a market cap of $48.52 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.75 and a beta of 0.31. The business’s 50 day moving average price is $45.70 and its 200-day moving average price is $46.04.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The business had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s 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 research analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several analyst reports. TD Cowen cut their target price on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. KeyCorp lowered their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada decreased their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Citigroup started coverage on Exelon in a research report on Thursday, March 26th. They set a “buy” rating and a $58.00 price target for the company. Finally, Weiss Ratings upgraded shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $50.27.

About Exelon

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.