Exelon Corporation $EXC Stock Holdings Lessened by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management Ltd reduced its holdings in Exelon Corporation by 14.3%, selling 26,681 shares, and now owns 160,105 shares, which represents approximately 4.1% of its portfolio.
• Exelon reported a quarterly earnings per share (EPS) of $0.39, exceeding analyst expectations of $0.37, despite a slight revenue miss compared to anticipated figures.
• The company has recently announced a quarterly dividend of $0.40, equating to an annualized yield of 3.6%, with a current dividend payout ratio of 60.84%.

Ausbil Investment Management Ltd trimmed its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 14.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,105 shares of the company's stock after selling 26,681 shares during the quarter. Exelon makes up approximately 4.1% of Ausbil Investment Management Ltd's portfolio, making the stock its 4th biggest holding. Ausbil Investment Management Ltd's holdings in Exelon were worth $6,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Uncommon Cents Investing LLC increased its position in shares of Exelon by 8.1% in the second quarter. Uncommon Cents Investing LLC now owns 27,040 shares of the company's stock worth $1,174,000 after purchasing an additional 2,029 shares during the last quarter. TOWER TRUST & INVESTMENT Co increased its position in shares of Exelon by 1,375.7% in the second quarter. TOWER TRUST & INVESTMENT Co now owns 3,394 shares of the company's stock worth $147,000 after purchasing an additional 3,164 shares during the last quarter. Spirepoint Private Client LLC increased its position in shares of Exelon by 16.4% in the second quarter. Spirepoint Private Client LLC now owns 5,302 shares of the company's stock worth $230,000 after purchasing an additional 746 shares during the last quarter. Signaturefd LLC increased its position in shares of Exelon by 5.1% in the second quarter. Signaturefd LLC now owns 16,856 shares of the company's stock worth $732,000 after purchasing an additional 814 shares during the last quarter. Finally, Crowley Wealth Management Inc. increased its position in shares of Exelon by 60.7% in the second quarter. Crowley Wealth Management Inc. now owns 2,964 shares of the company's stock worth $139,000 after purchasing an additional 1,120 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Up 0.7%

Shares of NASDAQ EXC opened at $44.09 on Friday. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm's 50 day simple moving average is $44.08 and its two-hundred day simple moving average is $44.21. The stock has a market capitalization of $44.53 billion, a P/E ratio of 16.76, a PEG ratio of 2.59 and a beta of 0.41.

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, beating analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same period last year, the business earned $0.47 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were issued a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXC. UBS Group restated a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp decreased their price objective 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. Finally, Morgan Stanley decreased their price objective on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $47.44.

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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