Exelon Corporation $EXC Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its stake in Exelon Corporation (NASDAQ:EXC) by 12.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,889 shares of the company’s stock after selling 1,428 shares during the quarter. Cidel Asset Management Inc.’s holdings in Exelon were worth $429,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC grew its stake in Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares during the period. Hazlett Burt & Watson Inc. grew its stake in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon in the 1st quarter valued at $34,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon in the 2nd quarter valued at $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 0.9%

NASDAQ EXC opened at $47.78 on Monday. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. 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 business’s fifty day simple moving average is $44.63 and its 200-day simple moving average is $44.38. The firm has a market cap of $48.26 billion, a PE ratio of 18.17, a P/E/G ratio of 2.96 and a beta of 0.40.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results 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 return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were issued 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 Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. TD Cowen assumed coverage on shares of Exelon in a research note on Thursday. They set a “hold” rating and a $49.00 target price on the stock. Evercore ISI assumed coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. Finally, KeyCorp lifted their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday. Six research 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’s stock. According to data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus target price 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.