Stoneridge Investment Partners LLC Decreases Stock Holdings in Exelon Corporation $EXC

Key Points

• Stoneridge Investment Partners LLC reduced its stake in Exelon Corporation by 92.0% in the first quarter, now holding only 8,130 shares.
• Exelon has set its FY 2025 earnings guidance at $2.640-2.740 EPS, with recent quarterly earnings beating analysts' expectations.
• The company declared a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 3.6%.

Stoneridge Investment Partners LLC trimmed its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 92.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,130 shares of the company's stock after selling 93,608 shares during the period. Stoneridge Investment Partners LLC's holdings in Exelon were worth $375,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Exelon by 16.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 7,089 shares of the company's stock valued at $327,000 after purchasing an additional 983 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Exelon by 13,334.4% during 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 acquiring an additional 2,023,365 shares in the last quarter. Erste Asset Management GmbH increased its position in shares of Exelon by 27.6% during the first quarter. Erste Asset Management GmbH now owns 199,371 shares of the company's stock valued at $8,992,000 after acquiring an additional 43,078 shares in the last quarter. Credit Agricole S A increased its position in shares of Exelon by 6.6% during the first quarter. Credit Agricole S A now owns 425,514 shares of the company's stock valued at $19,608,000 after acquiring an additional 26,415 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Exelon by 2.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 24,210 shares of the company's stock valued at $1,115,000 after acquiring an additional 644 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. KeyCorp cut their target price 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. Guggenheim lifted their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.0060 during mid-day trading on Monday, reaching $44.9540. 1,139,762 shares of the company traded hands, compared to its average volume of 7,284,758. The company's 50 day moving average price is $43.77 and its 200-day moving average price is $44.14. The firm has a market cap of $45.40 billion, a PE ratio of 17.09, a PEG ratio of 2.64 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion during 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%. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio is currently 60.84%.

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.