Exelon Corporation $EXC Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its holdings in Exelon Corporation by 17.3%, now owning 380,375 shares worth approximately $17.5 million following the sale of 79,589 shares.
• Institutional investors hold a significant majority of Exelon shares, with 80.92% of stock owned by these entities, indicating strong overall institutional confidence in the company.
• Exelon recently announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 3.6%, with a scheduled payment date of September 15th.

Rafferty Asset Management LLC reduced its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 380,375 shares of the company's stock after selling 79,589 shares during the quarter. Rafferty Asset Management LLC's holdings in Exelon were worth $17,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Exelon during the first quarter worth about $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the period. GQG Partners LLC purchased a new stake in shares of Exelon during the 1st quarter worth about $112,832,000. Royal Bank of Canada increased its position in Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after purchasing an additional 2,137,439 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Exelon by 13,334.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,038,539 shares of the company's stock valued at $93,936,000 after buying an additional 2,023,365 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.2%

NASDAQ:EXC traded down $0.08 on Friday, reaching $43.68. The stock had a trading volume of 4,003,379 shares, compared to its average volume of 6,048,129. The company has a 50-day moving average of $43.94 and a 200 day moving average of $44.19. 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 stock has a market cap of $44.12 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.56 and a beta of 0.38. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11.

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 return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. Exelon's revenue for the quarter 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, research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Evercore ISI upped their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. KeyCorp decreased their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Wells Fargo & Company raised their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley restated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Five research 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, the stock 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.