First Trust Advisors LP Reduces Holdings in Exelon Corporation $EXC

First Trust Advisors LP cut its stake in Exelon Corporation (NASDAQ:EXC) by 17.9% in the first quarter, Holdings Channel.com reports. The fund owned 3,641,027 shares of the company’s stock after selling 795,539 shares during the quarter. First Trust Advisors LP’s holdings in Exelon were worth $178,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. lifted its position in Exelon by 28.4% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after buying an additional 60,250 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in Exelon by 26.9% in the 4th 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 in the last quarter. Asset Management One Co. Ltd. raised its position in Exelon by 19.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after purchasing an additional 93,682 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Exelon by 18.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 581,300 shares of the company’s stock valued at $25,339,000 after purchasing an additional 89,822 shares during the period. Finally, Ledyard National Bank lifted its stake in shares of Exelon by 616.8% during the fourth quarter. Ledyard National Bank now owns 43,926 shares of the company’s stock worth $1,915,000 after purchasing an additional 37,798 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXC. Mizuho set a $48.00 target price on Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Truist Financial increased their price objective on shares of Exelon from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. TD Cowen reduced their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. KeyCorp decreased their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $50.00 in a report on Monday, April 20th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.33.

Exelon Stock Performance

Shares of EXC opened at $46.70 on Thursday. The firm has a market cap of $47.78 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 2.66 and a beta of 0.31. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average is $46.02 and its two-hundred day moving average is $46.45. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65.

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

Exelon Dividend Announcement

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

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.