Exelon Corporation $EXC Shares Sold by Beck Bode LLC

Key Points

• Beck Bode LLC reduced its stake in Exelon Corporation by 3.3%, selling 14,145 shares, which leaves them with 417,589 shares valued at around $19.24 million.
• Exelon recently reported quarterly earnings of $0.39 per share, exceeding analysts' expectations, but its revenue was slightly below predictions at $5.43 billion.
• The company announced a quarterly dividend of $0.40, reflecting an annualized yield of 3.6%, with the payout scheduled for September 15th.

Beck Bode LLC trimmed its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,589 shares of the company's stock after selling 14,145 shares during the quarter. Exelon comprises approximately 3.6% of Beck Bode LLC's investment portfolio, making the stock its 2nd biggest position. Beck Bode LLC's holdings in Exelon were worth $19,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. Wealth Preservation Advisors LLC purchased a new stake in Exelon in the 1st quarter valued at $161,000. Ieq Capital LLC boosted its holdings in Exelon by 27.4% in the first quarter. Ieq Capital LLC now owns 78,962 shares of the company's stock worth $3,639,000 after acquiring an additional 16,978 shares in the last quarter. Zuckerman Investment Group LLC purchased a new position in shares of Exelon in the first quarter worth $210,000. Keeley Teton Advisors LLC increased its position in Exelon by 7.1% in the first quarter. Keeley Teton Advisors LLC now owns 47,439 shares of the company's stock worth $2,186,000 after buying an additional 3,125 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its stake in shares of Exelon by 1.4% in the first quarter. WealthTrust Axiom LLC now owns 48,317 shares of the company's stock worth $2,226,000 after acquiring an additional 663 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

EXC traded down $0.28 during trading on Tuesday, hitting $43.40. The company's stock had a trading volume of 1,244,190 shares, compared to its average volume of 7,238,909. The firm has a market capitalization of $43.83 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.56 and a beta of 0.41. The business's fifty day simple moving average is $43.95 and its 200 day simple moving average is $44.21. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company 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 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 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm 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. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.7%. Exelon's payout ratio is 60.84%.

Analyst Ratings Changes

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