Exelon Corporation $EXC Stake Cut by Decade Renewable Partners LP

Key Points

• Decade Renewable Partners LP reduced its stake in Exelon Corporation by 77.1% in the first quarter, selling over 412,000 shares and holding 122,300 shares thereafter.
• Exelon reported earnings per share of $0.39 for the last quarter, which exceeded analysts' expectations of $0.37, despite a revenue of $5.43 billion falling short of predictions.
• The company announced a quarterly dividend of $0.40, with a dividend yield of 3.7% and a current payout ratio of 60.84%.

Decade Renewable Partners LP decreased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 77.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,300 shares of the company's stock after selling 412,754 shares during the quarter. Exelon makes up 4.3% of Decade Renewable Partners LP's holdings, making the stock its 10th biggest position. Decade Renewable Partners LP's holdings in Exelon were worth $5,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of EXC. Ameriflex Group Inc. purchased a new position in shares of Exelon in the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its stake in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Exelon during the first quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon during the first quarter worth about $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon during the first quarter worth about $50,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.1%

Exelon stock traded down $0.04 during mid-day trading on Thursday, reaching $43.35. 2,625,435 shares of the company's stock were exchanged, compared to its average volume of 7,237,287. The company has a fifty day moving average of $43.97 and a 200-day moving average of $44.20. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a market cap of $43.78 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.56 and a beta of 0.41.

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

Exelon Dividend Announcement

The business also recently declared 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 is Monday, August 11th. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Wall Street Analysts Forecast Growth

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