The Manufacturers Life Insurance Company Reduces Holdings in Exelon Corporation $EXC

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Exelon Corporation by 1.4%, now holding approximately 1,115,684 shares valued at $51,411,000.
• Exelon recently reported earnings of $0.39 per share for the quarter, exceeding analysts' expectations, while setting its FY 2025 EPS guidance between 2.640-2.740.
• The company declared a quarterly dividend of $0.40, representing an annualized payment of $1.60 and a dividend yield of 3.7%.

The Manufacturers Life Insurance Company cut its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,115,684 shares of the company's stock after selling 15,722 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of Exelon worth $51,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Edgestream Partners L.P. boosted its stake in shares of Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after purchasing an additional 150,876 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Exelon by 3.6% during the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after purchasing an additional 10,176 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Exelon by 14.9% during the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after purchasing an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Exelon during the first quarter valued at approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Exelon by 141.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after purchasing an additional 157,548 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXC has been the topic of a number of recent research reports. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. UBS Group reissued a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, KeyCorp cut their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. 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, the stock currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Price Performance

EXC traded up $0.01 on Wednesday, reaching $43.38. 7,903,245 shares of the company's stock were exchanged, compared to its average volume of 5,419,909. 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 cap of $43.81 billion, a PE ratio of 16.49, a P/E/G ratio of 2.56 and a beta of 0.41. The stock's fifty day moving average price is $43.97 and its 200-day moving average price is $44.20. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business's revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon's dividend payout ratio is presently 60.84%.

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.