Voya Investment Management LLC Decreases Stock Holdings in Exelon Corporation $EXC

Key Points

• Voya Investment Management LLC has reduced its stake in Exelon Corporation by 28.6%, selling 1,728,483 shares during the first quarter, lowering its ownership to approximately 0.43% of the company.
• Exelon recently reported earnings of $0.39 EPS for the last quarter, surpassing analysts' expectations of $0.37 EPS. However, its revenue fell short of estimates, reaching $5.43 billion versus the expected $5.47 billion.
• The company has announced a quarterly dividend of $0.40, with a dividend yield of 3.7%, and a payout ratio currently at 60.84%.

Voya Investment Management LLC cut its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 28.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,319,057 shares of the company's stock after selling 1,728,483 shares during the period. Voya Investment Management LLC owned 0.43% of Exelon worth $199,022,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EXC. Nuveen LLC acquired a new position in shares of Exelon during the first quarter worth $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Exelon by 43.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after purchasing an additional 3,878,687 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. increased its position in shares of Exelon by 192.7% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company's stock worth $267,060,000 after purchasing an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company's stock worth $143,163,000 after purchasing an additional 2,603,959 shares in the last quarter. Finally, Electron Capital Partners LLC acquired a new position in shares of Exelon in the 1st quarter valued at $117,274,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock traded down $0.70 during midday trading on Tuesday, reaching $42.73. The company had a trading volume of 6,252,141 shares, compared to its average volume of 7,135,976. The company has a market capitalization of $43.16 billion, a P/E ratio of 16.25, a P/E/G ratio of 2.54 and a beta of 0.41. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. The firm's fifty day simple moving average is $44.01 and its 200-day simple moving average is $44.20. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

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

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 11th. Exelon's dividend payout ratio (DPR) is 60.84%.

Analysts Set New Price Targets

EXC has been the topic of several research reports. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. KeyCorp cut their target price 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 reaffirmed 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 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $47.20.

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.