Wilmington Savings Fund Society FSB Trims Holdings in Exelon Corporation $EXC

Wilmington Savings Fund Society FSB lessened its stake in shares of Exelon Corporation (NASDAQ:EXC) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,590 shares of the company’s stock after selling 2,487 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Exelon were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Nuveen LLC acquired a new stake in shares of Exelon in the 1st quarter worth $285,428,000. ATLAS Infrastructure Partners UK Ltd. raised its holdings in Exelon by 192.7% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after purchasing an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC lifted its position in Exelon by 506.9% in the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock valued at $143,163,000 after purchasing an additional 2,603,959 shares during the period. Electron Capital Partners LLC acquired a new stake in Exelon in the first quarter valued at about $117,274,000. Finally, GQG Partners LLC purchased a new stake in Exelon in the 1st quarter valued at approximately $112,832,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Up 0.9%

Exelon stock opened at $47.78 on Friday. The firm has a market capitalization of $48.26 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.94 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The stock’s fifty day moving average is $44.63 and its two-hundred day moving average is $44.41.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts predict 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, 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 dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Exelon’s payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EXC shares. Jefferies Financial Group set a $57.00 target price on Exelon in a research note on Wednesday. Morgan Stanley cut their price objective on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. UBS Group upped their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, KeyCorp raised their price objective on shares of 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Exelon Company 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.