Te Ahumairangi Investment Management Ltd Has $3.16 Million Stock Holdings in Exelon Corporation $EXC

Key Points

• Te Ahumairangi Investment Management Ltd reduced its stake in Exelon Corporation by 19.1%, selling 16,167 shares, leaving them with a total of 68,536 shares valued at approximately $3.16 million.
• Exelon recently announced a quarterly dividend of $0.40, resulting in an annualized dividend yield of 3.7% with a payout ratio of 60.84%.
• Analyst opinions are varied on Exelon, with five analysts rating it as a "Buy," four as "Hold," and one as "Sell," while the average price target is set at $47.20.

Te Ahumairangi Investment Management Ltd decreased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,536 shares of the company's stock after selling 16,167 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Exelon were worth $3,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in Exelon during the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its position in Exelon by 46.4% during 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 period. ANTIPODES PARTNERS Ltd bought a new position in Exelon during the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon during the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Exelon during the 1st quarter worth about $50,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

EXC stock traded down $0.31 during trading on Tuesday, reaching $43.37. 4,907,609 shares of the company's stock were exchanged, compared to its average volume of 7,261,480. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a market cap of $43.80 billion, a PE ratio of 16.49, a P/E/G ratio of 2.56 and a beta of 0.41. The company's fifty day moving average price is $43.95 and its 200-day moving average price is $44.21. 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 issued its quarterly earnings data 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 business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm'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 expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued 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 is Monday, August 11th. Exelon's payout ratio is 60.84%.

Analysts Set New Price Targets

EXC has been the subject of a number of analyst reports. KeyCorp dropped 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. Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Finally, UBS Group restated a "neutral" rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a report on Friday, July 11th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.