Amundi Sells 280,504 Shares of Exelon Corporation $EXC

Amundi cut its stake in shares of Exelon Corporation (NASDAQ:EXC) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,012,894 shares of the company’s stock after selling 280,504 shares during the quarter. Amundi owned approximately 0.79% of Exelon worth $346,921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hager Investment Management Services LLC increased its holdings in Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Exelon during the 2nd quarter worth $29,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Exelon during the second quarter valued at $39,000. Sound Income Strategies LLC increased its stake in shares of Exelon by 213.7% during the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after buying an additional 810 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Exelon by 75.0% in the second quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock valued at $53,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.2%

Shares of Exelon stock opened at $43.81 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The company has a market cap of $44.26 billion, a P/E ratio of 15.70, a PEG ratio of 2.70 and a beta of 0.45. The firm’s 50 day moving average price is $46.30 and its 200-day moving average price is $44.57. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The company had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Analysts Set New Price Targets

Several brokerages have issued reports on EXC. TD Cowen initiated coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. Evercore ISI began coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. Morgan Stanley reissued an “underperform” rating and set a $52.00 price objective on shares of Exelon in a report on Thursday, November 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Exelon currently has an average rating of “Hold” and an average target price of $50.45.

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.