Exelon Corporation $EXC Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in Exelon Corporation (NASDAQ:EXC) by 36.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,127 shares of the company’s stock after selling 9,786 shares during the period. International Assets Investment Management LLC’s holdings in Exelon were worth $744,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Spirit of America Management Corp NY raised its position in shares of Exelon by 11.0% during the 2nd quarter. Spirit of America Management Corp NY now owns 20,200 shares of the company’s stock worth $877,000 after purchasing an additional 2,000 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Exelon during the 2nd quarter worth about $423,000. Stanley Laman Group Ltd. raised its position in shares of Exelon by 15.9% during the 2nd quarter. Stanley Laman Group Ltd. now owns 10,293 shares of the company’s stock worth $447,000 after purchasing an additional 1,412 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Exelon by 1.3% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 535,229 shares of the company’s stock valued at $23,240,000 after acquiring an additional 6,844 shares in the last quarter. Finally, Riverbend Wealth Management LLC purchased a new stake in Exelon during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $48.24 on Tuesday. The firm has a market cap of $48.72 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.96 and a beta of 0.40. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.29. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $44.70 and its two-hundred day moving average is $44.40.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on EXC shares. Evercore ISI started coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. UBS Group upped their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. KeyCorp upped 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, October 15th. Morgan Stanley dropped 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. Finally, Barclays increased their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently 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.