Stoneridge Investment Partners LLC Decreases 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 reduced its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 92.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in Exelon in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Exelon in the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon in the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in Exelon in the first quarter valued at approximately $50,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.7%

Shares of NASDAQ:EXC traded up $0.32 during trading on Friday, reaching $44.96. 3,729,983 shares of the stock were exchanged, compared to its average volume of 6,286,346. 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 1-year low of $35.94 and a 1-year high of $48.11. The stock has a fifty day moving average of $43.77 and a two-hundred day moving average of $44.10. The firm has a market cap of $45.41 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38.

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 analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on EXC shares. BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Evercore ISI upped their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Guggenheim upped their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, Wells Fargo & Company increased their price target on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Four 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon 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.