Steel Grove Capital Advisors LLC Sells 35,463 Shares of Exelon Corporation $EXC

Steel Grove Capital Advisors LLC cut its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 85.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,239 shares of the company’s stock after selling 35,463 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Exelon were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Caxton Associates LLP bought a new position in Exelon during the first quarter worth about $286,000. Woodline Partners LP lifted its holdings in Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after acquiring an additional 24,580 shares in the last quarter. Jump Financial LLC bought a new position in Exelon during the second quarter worth about $2,448,000. Gamco Investors INC. ET AL bought a new stake in shares of Exelon in the second quarter valued at about $645,000. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Exelon by 3.1% in the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock valued at $20,502,000 after purchasing an additional 14,240 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

Shares of Exelon stock opened at $46.19 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The stock’s 50-day moving average is $46.91 and its 200-day moving average is $46.02. The firm has a market cap of $47.26 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.67 and a beta of 0.32. Exelon Corporation has a one year low of $42.11 and a one year high of $50.65.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.Exelon’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s payout ratio is currently 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of research reports. Truist Financial initiated coverage on Exelon in a report on Monday, April 20th. They issued a “hold” rating and a $50.00 price target on the stock. Mizuho set a $48.00 price target on Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Weiss Ratings upgraded Exelon from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. UBS Group boosted their price target on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Citigroup initiated coverage on Exelon in a report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price target on the stock. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $50.33.

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.