Exelon Corporation $EXC Stock Position Lifted by Amundi

Key Points

• Amundi increased its holdings in Exelon Corporation by 34.3% in the first quarter, owning 8,293,398 shares valued at approximately $390.6 million.
• The company reported earnings of $0.39 per share, exceeding analyst expectations of $0.37, and had a revenue of $5.43 billion for the last quarter.
• Exelon announced a quarterly dividend of $0.40 per share, representing an annual dividend yield of 3.7%.

Amundi grew its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,293,398 shares of the company's stock after purchasing an additional 2,118,940 shares during the quarter. Amundi owned approximately 0.82% of Exelon worth $390,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC increased its stake in 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 last quarter. Hazlett Burt & Watson Inc. increased 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 purchasing an additional 220 shares during the last quarter. CWM LLC increased its stake in 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 last quarter. Catalyst Financial Partners LLC increased its stake in 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 last quarter. Finally, Centre Asset Management LLC grew its position in shares of Exelon by 3.2% during the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Trading Down 0.9%

Shares of NASDAQ:EXC traded down $0.41 during trading on Monday, reaching $43.02. 4,122,073 shares of the stock were exchanged, compared to its average volume of 7,219,747. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.55 and a beta of 0.41. The firm's 50-day moving average price is $44.00 and its 200 day moving average price is $44.22.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company's revenue for the quarter was up 1.2% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is 60.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EXC shares. KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $47.20.

About Exelon

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.