Assenagon Asset Management S.A. Sells 285,547 Shares of Exelon Corporation $EXC

Assenagon Asset Management S.A. lessened its holdings in Exelon Corporation (NASDAQ:EXC) by 56.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 216,128 shares of the company’s stock after selling 285,547 shares during the period. Assenagon Asset Management S.A.’s holdings in Exelon were worth $10,595,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Optima Capital LLC bought a new stake in Exelon during the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in Exelon in the 4th quarter worth approximately $25,000. Beacon Financial Strategies CORP bought a new position in Exelon in the 4th quarter worth approximately $26,000. Leonteq Securities AG purchased a new stake in Exelon during the 4th quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc raised its position in shares of Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $47.42 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Exelon Corporation has a 12 month low of $42.39 and a 12 month high of $50.65. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.75 and a beta of 0.31. The firm’s 50-day moving average is $45.70 and its 200 day moving average is $46.04.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The business had revenue of $7.24 billion during 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%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were issued a $0.42 dividend. The ex-dividend date was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Ratings Changes

Several brokerages have commented on EXC. Royal Bank Of Canada decreased their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Truist Financial reduced their target price on Exelon from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Citigroup started coverage on Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 price target for the company. Finally, KeyCorp cut their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Four investment 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.27.

Exelon 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.