Royal Bank of Canada Decreases Stock Holdings in Exelon Corporation $EXC

Key Points

• The Royal Bank of Canada decreased its stake in Exelon Corporation by 30%, selling 1,150,469 shares and retaining 2,688,260 shares worth approximately $123.87 million.
• Exelon had a quarterly EPS of $0.39, exceeding expectations, with a revenue of $5.43 billion, slightly lower than the forecast of $5.47 billion.
• Analysts have mixed ratings for Exelon, with 5 analysts rating it as a Buy, 4 as a Hold, and 1 as a Sell, while the average price target is set at $47.20.

Royal Bank of Canada lowered its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,688,260 shares of the company's stock after selling 1,150,469 shares during the period. Royal Bank of Canada owned approximately 0.27% of Exelon worth $123,874,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new position in Exelon in the 4th quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its position in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Exelon during the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon during the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon in the first quarter valued at about $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

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

Exelon Price Performance

EXC traded down $0.23 during midday trading on Monday, reaching $43.20. 830,438 shares of the company's stock were exchanged, compared to its average volume of 7,199,958. 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 stock has a market capitalization of $43.63 billion, a PE ratio of 16.44, a P/E/G ratio of 2.55 and a beta of 0.41. The business's 50-day moving average price is $44.00 and its 200 day moving average price is $44.22. 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 announced its earnings results 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 company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is 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.