AGF Management Ltd. Has $4.55 Million Position in Exelon Corporation $EXC

AGF Management Ltd. trimmed its stake in shares of Exelon Corporation (NASDAQ:EXC) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,686 shares of the company’s stock after selling 34,127 shares during the quarter. AGF Management Ltd.’s holdings in Exelon were worth $4,545,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXC. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. Barclays upped their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a report on Wednesday, October 15th. Morgan Stanley increased their price objective on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Finally, BTIG Research assumed coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and an average price target of $50.55.

Exelon Trading Up 1.1%

Shares of EXC stock opened at $46.21 on Monday. The company has a market cap of $46.69 billion, a P/E ratio of 17.57, a PEG ratio of 2.93 and a beta of 0.44. The stock has a 50 day simple moving average of $45.41 and a two-hundred day simple moving average of $44.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

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.