Exelon Corporation $EXC Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has reduced its stake in Exelon Corporation by 40.5%, now holding 140,346 shares valued at approximately $6.47 million after selling 95,414 shares.
• Exelon recently reported earnings per share (EPS) of $0.39 for the quarter, exceeding analyst expectations, but its revenue fell slightly short of forecasts at $5.43 billion.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.7% with a payout ratio of 60.84%.

Graham Capital Management L.P. trimmed its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 40.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,346 shares of the company's stock after selling 95,414 shares during the quarter. Graham Capital Management L.P.'s holdings in Exelon were worth $6,467,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Edgestream Partners L.P. boosted its holdings in Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock worth $8,911,000 after purchasing an additional 150,876 shares during the last quarter. Arizona State Retirement System raised its position in Exelon by 3.6% in the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock worth $13,587,000 after acquiring an additional 10,176 shares during the period. Cerity Partners LLC raised its position in Exelon by 14.9% in the first 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 during the period. Janney Montgomery Scott LLC bought a new stake in shares of Exelon in the first quarter valued at approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Exelon by 141.2% in the first 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 during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reissued a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley restated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Finally, KeyCorp lowered their price objective 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. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.20.

Exelon Stock Up 0.0%

EXC stock traded up $0.01 during trading on Wednesday, hitting $43.38. 7,903,245 shares of the stock traded hands, compared to its average volume of 5,419,909. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The firm's 50 day moving average is $43.95 and its two-hundred day moving average is $44.20. The stock has a market cap of $43.81 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

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, 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 during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the firm posted $0.47 EPS. The company's revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon's dividend payout ratio is 60.84%.

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.