Pictet Asset Management Holding SA Sells 1,490,158 Shares of Exelon Corporation $EXC

Pictet Asset Management Holding SA lessened its holdings in Exelon Corporation (NASDAQ:EXC) by 73.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 531,344 shares of the company’s stock after selling 1,490,158 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Exelon worth $26,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXC. Capital International Investors bought a new stake in Exelon during the 4th quarter valued at $738,333,000. Norges Bank purchased a new stake in shares of Exelon during the 4th quarter worth $617,974,000. Capital World Investors boosted its position in Exelon by 807.4% during the fourth quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock valued at $440,284,000 after purchasing an additional 8,987,453 shares in the last quarter. Lazard Asset Management LLC boosted its position in Exelon by 32.9% during the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after purchasing an additional 5,554,494 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Exelon by 69.0% in the fourth quarter. Allianz Asset Management GmbH now owns 7,612,010 shares of the company’s stock valued at $331,808,000 after purchasing an additional 3,107,644 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC opened at $46.26 on Thursday. Exelon Corporation has a fifty-two week low of $42.47 and a fifty-two week high of $50.65. The company has a market cap of $47.33 billion, a PE ratio of 16.95, a P/E/G ratio of 2.70 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The business has a 50-day simple moving average of $45.68 and a two-hundred day simple moving average of $46.13.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. Exelon’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.

Analysts Set New Price Targets

Several research firms have commented on EXC. Royal Bank Of Canada decreased their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company set a $50.00 price objective on shares of Exelon in a research report on Tuesday, April 21st. Citigroup started coverage on shares of Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 price objective for the company. Mizuho set a $48.00 target price on shares of Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.27.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.