Pensionfund Sabic Decreases Holdings in Exelon Corporation $EXC

Key Points

• Pensionfund Sabic has reduced its stake in Exelon Corporation (NASDAQ:EXC) by 14.5%, selling 6,000 shares during the first quarter, leaving it with 35,500 shares valued at approximately $1.636 million.
• Exelon reported an earnings per share (EPS) of $0.39 for the last quarter, surpassing analyst expectations, but its revenue of $5.43 billion fell slightly short of estimates.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 3.7%, with a payout ratio of 60.84%.

Pensionfund Sabic trimmed its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,500 shares of the company's stock after selling 6,000 shares during the quarter. Pensionfund Sabic's holdings in Exelon were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXC. Focus Partners Wealth raised its position in shares of Exelon by 35.2% during the 4th quarter. Focus Partners Wealth now owns 39,597 shares of the company's stock worth $1,523,000 after buying an additional 10,302 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Exelon in the 4th quarter worth approximately $212,000. OMERS ADMINISTRATION Corp grew its stake in shares of Exelon by 20.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 41,603 shares of the company's stock worth $1,566,000 after purchasing an additional 7,070 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Exelon by 7.1% in the 4th quarter. Nuveen Asset Management LLC now owns 4,015,710 shares of the company's stock worth $151,151,000 after purchasing an additional 264,686 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Exelon in the 4th quarter worth approximately $308,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

NASDAQ EXC traded down $0.70 on Tuesday, hitting $42.73. 6,252,261 shares of the company were exchanged, compared to its average volume of 4,943,408. 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 1-year low of $35.94 and a 1-year high of $48.11. The company has a market cap of $43.16 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.55 and a beta of 0.41. The firm has a 50 day moving average of $44.01 and a two-hundred day moving average of $44.20.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results 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. The company 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%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Analysts Set New Price Targets

EXC has been the topic of several recent research reports. Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. KeyCorp dropped their target price 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, UBS Group reissued a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $47.20.

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.