Exelon Corporation $EXC Shares Sold by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec reduced its holdings in Exelon Corporation by 17.7% in the 1st quarter, owning 75,191 shares valued at $3,465,000 after selling 16,221 shares.
• Exelon reported a $0.39 EPS for the last quarter, exceeding estimates, while its revenue was $5.43 billion, slightly below the consensus estimate.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.7%, with a current dividend payout ratio of 60.84%.

Federation des caisses Desjardins du Quebec reduced its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 17.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,191 shares of the company's stock after selling 16,221 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Exelon were worth $3,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXC. Edgestream Partners L.P. lifted its holdings in Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after acquiring an additional 150,876 shares during the period. Arizona State Retirement System lifted its position in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after acquiring an additional 10,176 shares during the period. Cerity Partners LLC boosted its stake in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock worth $22,393,000 after acquiring an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Exelon in the 1st quarter worth approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Exelon by 141.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after purchasing an additional 157,548 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analysts Set New Price Targets

EXC has been the topic of a number of research analyst reports. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. UBS Group restated a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, KeyCorp lowered their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock 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 given a Sell rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and an average price target of $47.20.

Exelon Price Performance

NASDAQ:EXC opened at $43.43 on Friday. 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 $43.86 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.54 and a beta of 0.41. The company's 50-day moving average is $44.00 and its two-hundred day moving average is $44.21. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 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 the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio is currently 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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