SLT Holdings LLC Reduces Stock Position in Exelon Corporation $EXC

SLT Holdings LLC lowered its position in shares of Exelon Corporation (NASDAQ:EXC) by 43.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,869 shares of the company’s stock after selling 3,731 shares during the period. SLT Holdings LLC’s holdings in Exelon were worth $211,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC raised its holdings 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 in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Exelon by 46.4% in the 1st 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 bought a new position in Exelon in the 1st quarter worth $34,000. Investment Research & Advisory Group Inc. bought a new position in Exelon in the 2nd quarter worth $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon in the 1st quarter worth $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of several research reports. UBS Group upped their price objective on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley decreased their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. KeyCorp decreased their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Evercore ISI started coverage on shares of Exelon in a research note on Monday. They issued an “outperform” rating and a $57.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.33.

Exelon Stock Up 0.9%

Shares of Exelon stock opened at $47.07 on Friday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The company has a 50-day moving average of $44.41 and a 200 day moving average of $44.33. The firm has a market cap of $47.54 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.74 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the firm posted $0.47 EPS. Exelon’s revenue for the quarter 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, sell-side analysts anticipate 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. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend 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.