UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Cuts Stock Holdings in Exelon Corporation $EXC

Key Points

• UBS AM reduced its holdings in Exelon Corporation by 7.4% in the first quarter, owning 11,892,137 shares valued at approximately $548 million following the sale of 953,893 shares.
• Analysts have mixed ratings for Exelon, with five giving a Buy rating and four a Hold, while KeyCorp recently lowered its price objective from $39.00 to $37.00.
• Exelon declared a quarterly dividend of $0.40 per share, with the ex-dividend date set for August 11th, resulting in an annualized yield of 3.7%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,892,137 shares of the company's stock after selling 953,893 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.18% of Exelon worth $547,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EXC. Ameriflex Group Inc. purchased a new stake in Exelon in the fourth quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Exelon in the first quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Exelon in the first quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Exelon in the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on EXC shares. KeyCorp lowered their price objective on 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 reiterated an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, UBS Group reiterated a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Price Performance

Shares of Exelon stock opened at $43.09 on Wednesday. The business has a 50 day moving average of $43.99 and a 200 day moving average of $44.21. 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 company has a market cap of $43.52 billion, a PE ratio of 16.38, a P/E/G ratio of 2.52 and a beta of 0.41. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion during 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 firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. 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 currently 60.84%.

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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