Exelon Corporation $EXC Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in shares of Exelon Corporation (NASDAQ:EXC) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 33,016 shares of the company’s stock after selling 228 shares during the quarter. Foster & Motley Inc.’s holdings in Exelon were worth $1,434,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC lifted its position in Exelon by 1.3% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 535,229 shares of the company’s stock worth $23,240,000 after acquiring an additional 6,844 shares during the period. Riverbend Wealth Management LLC purchased a new position in shares of Exelon during the 2nd quarter valued at about $201,000. Nordea Investment Management AB raised its stake in shares of Exelon by 11.7% during the 2nd quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock valued at $298,669,000 after buying an additional 724,957 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Exelon by 12.9% during the 2nd quarter. New York State Teachers Retirement System now owns 844,143 shares of the company’s stock valued at $36,653,000 after buying an additional 96,733 shares during the last quarter. Finally, Davidson Investment Advisors raised its stake in shares of Exelon by 1.0% during the 2nd quarter. Davidson Investment Advisors now owns 395,160 shares of the company’s stock valued at $17,158,000 after buying an additional 3,992 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $47.78 on Friday. 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 stock has a market capitalization of $48.26 billion, a PE ratio of 18.17, a P/E/G ratio of 2.96 and a beta of 0.40. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a fifty day moving average of $44.63 and a two-hundred day moving average of $44.40.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’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 fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is 60.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXC. Morgan Stanley reduced their price objective on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. TD Cowen began coverage on Exelon in a research note on Thursday. They set a “hold” rating and a $49.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Evercore ISI began coverage on Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. Finally, KeyCorp lifted their price objective on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday. Six 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 MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $50.00.

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.