Sachetta LLC Reduces Position in Exelon Corporation $EXC

Sachetta LLC lessened its stake in shares of Exelon Corporation (NASDAQ:EXC) by 38.7% during the 2nd quarter, Holdings Channel reports. The firm owned 1,048 shares of the company’s stock after selling 661 shares during the quarter. Sachetta LLC’s holdings in Exelon were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS grew its position in Exelon by 4.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 993,544 shares of the company’s stock worth $43,140,000 after purchasing an additional 45,000 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Exelon during the 2nd quarter worth approximately $311,000. SteelPeak Wealth LLC purchased a new stake in Exelon during the 2nd quarter worth approximately $1,129,000. DAVENPORT & Co LLC grew its position in Exelon by 12.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 6,733 shares of the company’s stock worth $292,000 after purchasing an additional 727 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Exelon by 1.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 25,546 shares of the company’s stock worth $1,109,000 after purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp dropped their price objective on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a report on Saturday, September 27th. Morgan Stanley dropped their price objective on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Evercore ISI assumed coverage on shares of Exelon in a report on Monday. They issued an “outperform” rating and a $57.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average target price of $48.11.

Exelon Stock Performance

EXC opened at $46.79 on Wednesday. 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 $47.26 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.68 and a beta of 0.40. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The firm’s fifty day simple moving average is $44.28 and its two-hundred day simple moving average is $44.26.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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 business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is 60.84%.

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.