Praxis Investment Management Inc. Sells 7,870 Shares of Exelon Corporation $EXC

Key Points

• Praxis Investment Management Inc. reduced its stake in Exelon Corporation by 22.1%, selling 7,870 shares to hold 27,760 shares valued at approximately $1,205,000.
• Exelon Corporation reported $0.39 earnings per share for the last quarter, exceeding analysts' expectations of $0.37, while also achieving a revenue of $5.43 billion.
• Analysts have mixed ratings on Exelon, with six buying, five holding, and one selling, contributing to a consensus rating of "Hold" and an average price target of $50.00.

Praxis Investment Management Inc. lowered its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,760 shares of the company's stock after selling 7,870 shares during the quarter. Praxis Investment Management Inc.'s holdings in Exelon were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Providence Wealth Advisors LLC increased its stake in shares of Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock valued at $1,802,000 after acquiring an additional 217 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. CWM LLC grew its position in Exelon by 0.7% in the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after purchasing an additional 226 shares during the period. Catalyst Financial Partners LLC grew its position in Exelon by 2.4% in the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after purchasing an additional 230 shares during the period. Finally, Focus Partners Wealth grew its position in Exelon by 0.6% in the 1st quarter. Focus Partners Wealth now owns 39,831 shares of the company's stock valued at $1,836,000 after purchasing an additional 234 shares during the period. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EXC shares. TD Cowen started coverage on shares of Exelon in a research report on Thursday. They issued a "hold" rating and a $49.00 price target for the company. Evercore ISI started coverage on shares of Exelon in a research report on Monday, October 6th. They issued an "outperform" rating and a $57.00 price target for the company. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exelon has a consensus rating of "Hold" and an average target price of $50.00.

Exelon Price Performance

EXC opened at $47.78 on Friday. 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 company has a market capitalization of $48.26 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.94 and a beta of 0.40. The firm's fifty day moving average price is $44.63 and its two-hundred day moving average price is $44.41. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's payout ratio is currently 60.84%.

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.

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