American Century Companies Inc. Sells 16,097 Shares of Exelon Corporation $EXC

Key Points

• American Century Companies Inc. has reduced its stake in Exelon Corporation by 3.0%, selling 16,097 shares and now holds 527,061 shares valued at approximately $24.29 million.
• Analysts have mixed views on Exelon, with price targets ranging from $37.00 to $50.00, and the stock holding a consensus rating of "Hold."
• Exelon has announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.6%.

American Century Companies Inc. decreased its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 527,061 shares of the company's stock after selling 16,097 shares during the period. American Century Companies Inc. owned approximately 0.05% of Exelon worth $24,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Providence Wealth Advisors LLC grew its holdings in shares of Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock valued at $1,802,000 after buying an additional 217 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares during the period. CWM LLC grew its holdings in shares of Exelon by 0.7% in the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after buying an additional 226 shares during the period. Catalyst Financial Partners LLC grew its holdings in shares of Exelon by 2.4% in the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after buying an additional 230 shares during the period. Finally, Centre Asset Management LLC grew its holdings in shares of Exelon by 3.2% in the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after buying an additional 233 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXC. Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. KeyCorp reduced their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Wells Fargo & Company upped their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Exelon has a consensus rating of "Hold" and a consensus target price of $47.20.

Exelon Stock Performance

Exelon stock traded down $0.42 during trading hours on Thursday, hitting $43.98. The company had a trading volume of 1,024,377 shares, compared to its average volume of 7,268,344. The firm has a market cap of $44.41 billion, a PE ratio of 16.72, a PEG ratio of 2.60 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The firm has a 50-day moving average of $43.89 and a 200 day moving average of $44.16.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio is currently 60.84%.

Exelon Company 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.