Steel Grove Capital Advisors LLC Has $1.81 Million Stock Position in Exelon Corporation $EXC

Key Points

• Steel Grove Capital Advisors LLC reduced its stake in Exelon Corporation by 13.8%, holding 41,702 shares worth approximately $1.81 million at the end of the most recent quarter.
• Exelon reported a quarterly EPS of $0.39, exceeding estimates, but had revenue of $5.43 billion which was slightly below the forecast.
• The company announced a quarterly dividend of $0.40 per share, yielding approximately 3.3% annually, with a payout ratio of 60.84%.

Steel Grove Capital Advisors LLC cut its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,702 shares of the company's stock after selling 6,688 shares during the period. Steel Grove Capital Advisors LLC's holdings in Exelon were worth $1,811,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after acquiring an additional 581,686 shares during the last quarter. Deutsche Bank AG lifted its position in Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Exelon by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock worth $729,777,000 after acquiring an additional 106,917 shares during the last quarter. Invesco Ltd. lifted its position in Exelon by 0.6% during the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after acquiring an additional 83,518 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Exelon by 11.8% during the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company's stock worth $577,470,000 after acquiring an additional 1,319,637 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 0.5%

Shares of EXC opened at $48.00 on Wednesday. The company has a market capitalization of $48.48 billion, a PE ratio of 18.25, a PEG ratio of 2.99 and a beta of 0.40. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.39. The stock's 50-day moving average price is $44.77 and its two-hundred day moving average price is $44.43. 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 (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 return on equity of 9.85% and a net margin of 11.16%.The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.3%. Exelon's payout ratio is presently 60.84%.

Wall Street Analyst Weigh In

EXC has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of Exelon from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Morgan Stanley dropped 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of Exelon in a research report on Wednesday, October 8th. 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, October 14th. Finally, Evercore ISI initiated 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. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.00.

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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