Groupama Asset Managment Lowers Stake in Exelon Corporation $EXC

Key Points

• Groupama Asset Management reduced its holdings in Exelon Corporation by 24.3% during the first quarter, owning 38,394 shares worth approximately $1.7 million after selling 12,344 shares.
• Exelon recently announced a $0.40 quarterly dividend with an annualized yield of 3.6%, reflecting a payout ratio of 60.84%.
• The company's stock price is currently up 1.7%, with a market cap of $45.19 billion and analysts forecasting earnings per share of $2.64 for the current fiscal year.

Groupama Asset Managment reduced its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 24.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,394 shares of the company's stock after selling 12,344 shares during the period. Groupama Asset Managment's holdings in Exelon were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Providence Wealth Advisors LLC raised its holdings in Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after purchasing an additional 217 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in Exelon by 46.4% in the 1st 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. CWM LLC raised its holdings in Exelon by 0.7% in the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock worth $1,556,000 after purchasing an additional 226 shares during the period. Catalyst Financial Partners LLC raised its holdings in Exelon by 2.4% in the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock worth $450,000 after purchasing an additional 230 shares during the period. Finally, Centre Asset Management LLC raised its holdings in Exelon by 3.2% in the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after purchasing an additional 233 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.7%

NASDAQ:EXC traded up $0.32 during midday trading on Friday, hitting $44.96. The stock had a trading volume of 3,729,983 shares, compared to its average volume of 6,286,346. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a market capitalization of $45.41 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.64 and a beta of 0.38. The stock has a 50-day moving average of $43.77 and a 200 day moving average of $44.12. 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 (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Exelon's revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio is 60.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXC shares. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets boosted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wells Fargo & Company boosted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Finally, Evercore ISI boosted their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Company 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.