Illinois Municipal Retirement Fund Trims Stock Holdings in Exelon Corporation $EXC

Illinois Municipal Retirement Fund lowered its position in shares of Exelon Corporation (NASDAQ:EXC) by 22.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 240,638 shares of the company’s stock after selling 68,497 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Exelon were worth $10,449,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC boosted its holdings in Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of 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 purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Exelon in the 1st quarter valued at about $34,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon during the 2nd quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the first quarter valued at $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. Evercore ISI assumed coverage on Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. TD Cowen began coverage on shares of Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price for the company. Finally, Morgan Stanley lifted their price target on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Trading Down 1.6%

Shares of EXC stock opened at $45.46 on Tuesday. 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 firm has a fifty day moving average of $45.45 and a 200-day moving average of $44.50. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s payout ratio is 57.35%.

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.