Exelon Corporation $EXC Stake Lessened by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Exelon Corporation by 5.2%, selling 45,053 shares, leaving it with 817,671 shares valued at approximately $34.88 million.
• The company's recent quarterly earnings report showed an EPS of $0.39, exceeding analyst expectations of $0.37, while revenue reached $5.43 billion.
• Exelon declared a quarterly dividend of $0.40 per share, resulting in an annualized yield of 3.6%, with a payout ratio of 60.84%.

APG Asset Management N.V. cut its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 5.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 817,671 shares of the company's stock after selling 45,053 shares during the period. APG Asset Management N.V. owned 0.08% of Exelon worth $34,881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Exelon by 19.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 11,493 shares of the company's stock valued at $514,000 after purchasing an additional 1,832 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Exelon by 0.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 192,164 shares of the company's stock valued at $8,853,000 after purchasing an additional 565 shares during the last quarter. Trinity Legacy Partners LLC acquired a new position in shares of Exelon in the 1st quarter valued at $4,351,000. AlphaQuest LLC boosted its holdings in shares of Exelon by 16.0% in the 1st quarter. AlphaQuest LLC now owns 58,618 shares of the company's stock valued at $2,701,000 after purchasing an additional 8,067 shares during the last quarter. Finally, Allstate Corp boosted its holdings in shares of Exelon by 45.8% in the 1st quarter. Allstate Corp now owns 44,162 shares of the company's stock valued at $2,035,000 after purchasing an additional 13,874 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp reduced their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Finally, Evercore ISI lifted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $47.20.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.63 during trading on Thursday, reaching $43.76. 5,357,914 shares of the company's stock traded hands, compared to its average volume of 7,295,248. 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 12 month low of $35.94 and a 12 month high of $48.11. The company has a 50 day moving average of $43.89 and a 200-day moving average of $44.16. The stock has a market capitalization of $44.20 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter 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, equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio is 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.