QRG Capital Management Inc. Decreases Stock Position in Exelon Corporation $EXC

QRG Capital Management Inc. trimmed its position in shares of Exelon Corporation (NASDAQ:EXC) by 30.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,369 shares of the company’s stock after selling 109,900 shares during the quarter. QRG Capital Management Inc.’s holdings in Exelon were worth $11,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hager Investment Management Services LLC raised its position in Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Exelon during the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Exelon in the third quarter worth approximately $32,000. Motco lifted its stake in shares of Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after acquiring an additional 696 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Exelon by 141.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 795 shares of the company’s stock worth $36,000 after acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.3%

NASDAQ:EXC opened at $44.73 on Friday. The firm has a 50-day simple moving average of $44.46 and a 200-day simple moving average of $44.68. Exelon Corporation has a one year low of $38.85 and a one year high of $48.51. The firm has a market cap of $45.19 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.63 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, November 10th. Exelon’s dividend payout ratio is 57.35%.

Analysts Set New Price Targets

A number of analysts have weighed in on EXC shares. JPMorgan Chase & Co. reduced their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. KeyCorp set a $39.00 price target on shares of Exelon in a report on Friday, December 12th. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group set a $57.00 target price on shares of Exelon in a research note on Wednesday, October 15th. Finally, Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price target on shares of Exelon in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.85.

About Exelon

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.