Kovitz Investment Group Partners LLC Has $1.24 Million Stock Position in Exelon Corporation $EXC

Key Points

• Kovitz Investment Group Partners LLC significantly reduced its stake in Exelon Corporation by 72.9%, selling 72,361 shares and retaining 26,950 shares, valued at approximately $1.24 million.
• Exelon Corporation reported a quarterly earnings per share of $0.39, surpassing estimates of $0.37, while revenue increased by 1.2% year-over-year despite being slightly below expectations.
• The company's recent quarterly dividend of $0.40 per share generates an annualized yield of 3.6%, reflecting a dividend payout ratio of 60.84%.

Kovitz Investment Group Partners LLC trimmed its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 72.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,950 shares of the company's stock after selling 72,361 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Exelon were worth $1,242,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after buying an additional 7,483,873 shares during the period. Nuveen LLC acquired a new stake in Exelon during the 1st quarter worth about $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the period. GQG Partners LLC acquired a new stake in Exelon during the 1st quarter worth about $112,832,000. Finally, Royal Bank of Canada boosted its stake in shares of Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after acquiring an additional 2,137,439 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.7%

EXC stock traded up $0.32 during mid-day trading on Friday, hitting $44.96. 3,729,983 shares of the company were exchanged, compared to its average volume of 6,286,346. The company has a market capitalization of $45.41 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. 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 Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The firm has a fifty day simple moving average of $43.77 and a 200 day simple moving average of $44.10.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for 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%. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm 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. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is presently 60.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Morgan Stanley decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Guggenheim boosted their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.