Exelon Corporation $EXC Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB reduced its stake in shares of Exelon Corporation (NASDAQ:EXC) by 43.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,027 shares of the company’s stock after selling 317,325 shares during the quarter. AMF Tjanstepension AB’s holdings in Exelon were worth $18,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Exelon by 1.2% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 380,500 shares of the company’s stock valued at $17,126,000 after purchasing an additional 4,400 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Exelon by 325.6% during the third quarter. Baillie Gifford & Co. now owns 366,170 shares of the company’s stock valued at $16,481,000 after buying an additional 280,140 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Exelon by 3.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 479,239 shares of the company’s stock worth $21,571,000 after purchasing an additional 16,575 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Exelon by 16.2% during the third quarter. UniSuper Management Pty Ltd now owns 98,164 shares of the company’s stock valued at $4,418,000 after acquiring an additional 13,689 shares during the period. Finally, Drive Wealth Management LLC bought a new position in Exelon during the third quarter worth $212,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXC. JPMorgan Chase & Co. decreased their price objective on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. KeyCorp set a $39.00 price target on shares of Exelon in a research note on Friday, December 12th. Jefferies Financial Group set a $57.00 target price on shares of Exelon in a research note on Wednesday, October 15th. UBS Group reduced their price objective on shares of Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada assumed coverage on Exelon in a research report on Wednesday, January 7th. They issued a “sector perform” rating and a $51.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus target price of $49.54.

Exelon Price Performance

NASDAQ:EXC opened at $44.06 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 stock’s 50 day moving average price is $44.37 and its two-hundred day moving average price is $44.74. Exelon Corporation has a 12-month low of $38.85 and a 12-month high of $48.51. The firm has a market capitalization of $44.51 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 2.59 and a beta of 0.46.

Exelon (NASDAQ:EXC) last posted its 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. 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, analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were paid a $0.40 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon’s payout ratio is 57.35%.

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.