Versor Investments LP Cuts Stock Holdings in Exelon Corporation $EXC

Key Points

• Versor Investments LP reduced its stake in Exelon Corporation by 27.9%, owning 39,000 shares after selling 15,100 shares in the first quarter, valued at approximately $1.8 million.
• Exelon recently announced a quarterly dividend of $0.40 per share, representing an annualized payout of $1.60 and a dividend yield of 3.6%.
• Analysts have mixed views on Exelon, with an average rating of "Hold" and price targets ranging from $46.00 to $51.00, reflecting varying confidence in its stock performance.

Versor Investments LP lowered its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 27.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,000 shares of the company's stock after selling 15,100 shares during the quarter. Versor Investments LP's holdings in Exelon were worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Affinity Investment Advisors LLC lifted its stake in Exelon by 50.2% during the first quarter. Affinity Investment Advisors LLC now owns 27,535 shares of the company's stock worth $1,269,000 after purchasing an additional 9,203 shares during the last quarter. Algert Global LLC lifted its stake in Exelon by 84.4% during the first quarter. Algert Global LLC now owns 23,973 shares of the company's stock worth $1,105,000 after purchasing an additional 10,970 shares during the last quarter. Ethos Financial Group LLC bought a new stake in Exelon during the first quarter worth $212,000. Raymond James Financial Inc. lifted its stake in Exelon by 215.0% during the first quarter. Raymond James Financial Inc. now owns 2,032,264 shares of the company's stock worth $93,647,000 after purchasing an additional 1,387,134 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in Exelon by 359.0% during the first quarter. Cresset Asset Management LLC now owns 36,096 shares of the company's stock worth $1,663,000 after purchasing an additional 28,232 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent analyst reports. Morgan Stanley cut their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. KeyCorp dropped their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Guggenheim raised their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Four equities 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $47.20.

Exelon Trading Up 0.6%

Shares of NASDAQ:EXC traded up $0.2660 during midday trading on Friday, hitting $44.9060. 1,456,548 shares of the stock traded hands, compared to its average volume of 7,308,070. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. 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 business's 50 day moving average is $43.74 and its two-hundred day moving average is $44.06. The stock has a market capitalization of $45.35 billion, a PE ratio of 17.07, a P/E/G ratio of 2.63 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 (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter last year, the company posted $0.47 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio (DPR) is presently 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.