Van Hulzen Asset Management LLC Sells 103,356 Shares of Exelon Corporation $EXC

Key Points

• Van Hulzen Asset Management LLC decreased its holdings in Exelon Corporation by 29.2%, selling 103,356 shares and now owning a total of 250,215 shares valued at approximately $11.53 million.
• Several institutional investors increased their stakes in Exelon, with Ameriprise Financial growing its position by 87.0%, acquiring an additional 680,826 shares.
• Exelon has set its fiscal year 2025 EPS guidance at 2.640-2.740 and recently announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 3.6%.

Van Hulzen Asset Management LLC lowered its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 29.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,215 shares of the company's stock after selling 103,356 shares during the period. Van Hulzen Asset Management LLC's holdings in Exelon were worth $11,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. grew its stake in shares of Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after acquiring an additional 150,876 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Exelon by 3.6% in the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after acquiring an additional 10,176 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after acquiring an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Exelon in the first quarter valued at about $6,795,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Exelon by 141.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after acquiring an additional 157,548 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXC shares. Wells Fargo & Company upped their price objective 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. Guggenheim raised 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. KeyCorp reduced their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. UBS Group reissued a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Exelon presently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Down 0.1%

Exelon stock traded down $0.04 during mid-day trading on Wednesday, reaching $44.39. The stock had a trading volume of 1,616,894 shares, compared to its average volume of 7,279,284. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The stock's 50-day simple moving average is $43.85 and its 200-day simple moving average is $44.16. The firm has a market capitalization of $44.83 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38.

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

Exelon Announces Dividend

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 paid a $0.40 dividend. 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 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.