Exelon Corporation $EXC Shares Sold by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI reduced its stake in Exelon Corporation by 68.2%, owning 18,526 shares valued at $805,000 after selling 39,798 shares during the second quarter.
• Analysts have set a consensus target price of $48.33 for Exelon, with ratings ranging from "buy" to "underweight" from various firms including Morgan Stanley and UBS Group.
• Exelon declared a quarterly dividend of $0.40, representing an annualized payment of $1.60 and a dividend yield of 3.4%, with a payout ratio of 60.84%.

Commerzbank Aktiengesellschaft FI cut its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 68.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,526 shares of the company's stock after selling 39,798 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Exelon were worth $805,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EXC. Farther Finance Advisors LLC increased its holdings in shares of Exelon by 126.0% during the first quarter. Farther Finance Advisors LLC now owns 13,972 shares of the company's stock valued at $642,000 after purchasing an additional 7,789 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Exelon by 65.1% during the first quarter. Pallas Capital Advisors LLC now owns 9,109 shares of the company's stock valued at $420,000 after purchasing an additional 3,591 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in shares of Exelon by 8.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 25,184 shares of the company's stock valued at $1,160,000 after purchasing an additional 1,948 shares during the period. GAMMA Investing LLC increased its holdings in shares of Exelon by 26.9% during the first quarter. GAMMA Investing LLC now owns 19,751 shares of the company's stock valued at $910,000 after purchasing an additional 4,183 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Exelon by 714.7% during the first quarter. SG Americas Securities LLC now owns 84,962 shares of the company's stock valued at $3,915,000 after purchasing an additional 74,534 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the topic of a number of research analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Exelon in a report on Wednesday. Morgan Stanley lowered their target price on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. UBS Group lifted their target price on Exelon from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Evercore ISI assumed coverage on Exelon in a report on Monday. They set an "outperform" rating and a $57.00 target price on the stock. 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $48.33.

Exelon Trading Up 0.9%

NASDAQ:EXC opened at $47.07 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The firm has a market capitalization of $47.54 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40. The stock has a fifty day simple moving average of $44.41 and a 200 day simple moving average of $44.33.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the company posted $0.47 EPS. Exelon's revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. Exelon's dividend payout ratio (DPR) is 60.84%.

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.

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