Exelon Corporation $EXC Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board has reduced its holdings in Exelon Corporation by 11.8%, selling 283,425 shares and owning approximately 2,116,685 shares post-sale.
• Exelon Corporation recently reported quarterly earnings of $0.39 per share, exceeding estimates and showing a 1.2% year-over-year revenue increase to $5.43 billion.
• The company declared a quarterly dividend of $0.40 per share, with a payout ratio of 60.84%, and an annualized dividend yield of 3.7%.

Canada Pension Plan Investment Board lowered its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,116,685 shares of the company's stock after selling 283,425 shares during the period. Canada Pension Plan Investment Board owned approximately 0.21% of Exelon worth $97,537,000 at the end of the most recent reporting period.

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

Exelon Price Performance

EXC traded down $0.16 during trading on Thursday, reaching $43.22. 1,266,734 shares of the stock were exchanged, compared to its average volume of 7,229,916. The business's 50 day moving average price is $43.97 and its two-hundred day moving average price is $44.20. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market capitalization of $43.65 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 2.56 and a beta of 0.41. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the business earned $0.47 earnings per share. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group restated a "neutral" rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Morgan Stanley restated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Exelon currently has a consensus rating of "Hold" and a consensus target price of $47.20.

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.