IFM Investors Pty Ltd Trims Stock Holdings in Exelon Corporation $EXC

Key Points

• IFM Investors Pty Ltd reduced its stake in Exelon Corporation by 19.1%, now owning 263,428 shares valued at approximately $12.14 million, following the sale of 62,146 shares during the first quarter.
• Exelon reported a quarterly earnings per share (EPS) of $0.39, exceeding estimates by $0.02, while quarterly revenue reached $5.43 billion, slightly below the forecast of $5.47 billion.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 3.7%, with a payout ratio of 60.84%.

IFM Investors Pty Ltd reduced its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,428 shares of the company's stock after selling 62,146 shares during the quarter. IFM Investors Pty Ltd's holdings in Exelon were worth $12,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. lifted its position in shares of 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 in the last quarter. Arizona State Retirement System lifted its position in shares of Exelon by 3.6% in the first 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 in the last quarter. Cerity Partners LLC lifted its position in shares of Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after acquiring an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Exelon in the first quarter valued at $6,795,000. Finally, Wealth Enhancement Advisory Services LLC lifted 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 acquiring an additional 157,548 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.5%

Shares of EXC opened at $43.32 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $43.75 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.41. The stock's fifty day simple moving average is $44.00 and its 200 day simple moving average is $44.21. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio (DPR) is 60.84%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXC shares. UBS Group reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp lowered their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.20.

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.

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