Burney Co. Sells 12,334 Shares of Exelon Corporation $EXC

Burney Co. reduced its position in Exelon Corporation (NASDAQ:EXC) by 42.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,882 shares of the company’s stock after selling 12,334 shares during the period. Burney Co.’s holdings in Exelon were worth $828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ASR Vermogensbeheer N.V. grew its stake in Exelon by 28.4% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after acquiring an additional 60,250 shares during the period. Nordea Investment Management AB raised its position in Exelon by 14.6% during the fourth quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock worth $352,397,000 after acquiring an additional 1,024,106 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in shares of Exelon by 26.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares during the period. Asset Management One Co. Ltd. lifted its stake in Exelon by 19.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after buying an additional 93,682 shares in the last quarter. Finally, Prudential PLC boosted its holdings in Exelon by 14.2% in the 3rd quarter. Prudential PLC now owns 500,289 shares of the company’s stock worth $22,518,000 after buying an additional 62,153 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 1.9%

EXC opened at $46.38 on Friday. The stock has a market capitalization of $47.46 billion, a PE ratio of 16.99, a P/E/G ratio of 2.74 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a one year low of $42.47 and a one year high of $50.65. The business’s 50 day moving average price is $45.77 and its 200 day moving average price is $46.27.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s dividend payout ratio is currently 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several research reports. TD Cowen cut their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Weiss Ratings raised Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. KeyCorp dropped their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Mizuho set a $48.00 price objective on Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Morgan Stanley decreased their price objective on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.27.

Exelon Company Profile

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.