Exelon Corporation $EXC Shares Sold by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP reduced its stake in Exelon Corporation by 17.5%, now holding approximately 297,967 shares valued at $13.73 million, making it the 13th largest holding in their portfolio.
• Exelon reported its quarterly earnings with an EPS of $0.39, surpassing estimates of $0.37, while also projecting FY 2025 guidance for EPS between $2.640 and $2.740.
• The company has declared a quarterly dividend of $0.40 per share, resulting in an annual yield of 3.7%, with an upcoming ex-dividend date on August 11th.

Voleon Capital Management LP cut its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,967 shares of the company's stock after selling 63,329 shares during the quarter. Exelon comprises approximately 1.1% of Voleon Capital Management LP's portfolio, making the stock its 13th biggest holding. Voleon Capital Management LP's holdings in Exelon were worth $13,730,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in Exelon during the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its position in Exelon by 46.4% during 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 during the period. ANTIPODES PARTNERS Ltd purchased a new position in Exelon during the first quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon during the first quarter worth about $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon during the first quarter worth about $50,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

NASDAQ:EXC traded down $0.12 during midday trading on Friday, reaching $43.38. 4,244,939 shares of the company traded hands, compared to its average volume of 5,075,177. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The firm has a market capitalization of $43.81 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 2.55 and a beta of 0.41. 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 company has a fifty day moving average price of $44.00 and a 200 day moving average price of $44.20.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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 return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is 60.84%.

Analyst Upgrades and Downgrades

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