Exelon Corporation $EXC Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC reduced its stake in Exelon Corporation by 19.6%, owning 341,507 shares after selling 83,403 in the first quarter, valued at approximately $15.7 million as of the latest filing.
• Exelon reported earnings per share (EPS) of $0.39 for the last quarter, surpassing analysts' expectations by $0.02, but revenue was slightly below estimates at $5.43 billion.
• The company recently declared a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 3.6%.

Guggenheim Capital LLC decreased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 19.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,507 shares of the company's stock after selling 83,403 shares during the quarter. Guggenheim Capital LLC's holdings in Exelon were worth $15,737,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EXC. Ameriflex Group Inc. purchased a new stake in Exelon in the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. raised its stake in 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 buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon in the first quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Exelon in the first quarter worth about $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Exelon in the first quarter worth about $50,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of several research analyst reports. KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. UBS Group reiterated a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $47.20.

Exelon Trading Down 0.6%

Shares of EXC stock traded down $0.25 on Tuesday, hitting $43.44. The stock had a trading volume of 1,112,842 shares, compared to its average volume of 7,237,453. 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 firm has a market capitalization of $43.87 billion, a P/E ratio of 16.53, 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. The company's 50 day moving average price is $43.95 and its 200-day moving average price is $44.21.

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

Exelon Announces Dividend

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