Investment Management Corp of Ontario Reduces Holdings in Exelon Corporation $EXC

Investment Management Corp of Ontario lowered its stake in shares of Exelon Corporation (NASDAQ:EXC) by 20.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,580 shares of the company’s stock after selling 53,260 shares during the quarter. Investment Management Corp of Ontario’s holdings in Exelon were worth $8,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in Exelon during the 2nd quarter valued at approximately $589,122,000. Nuveen LLC purchased a new position in shares of Exelon in the 1st quarter valued at approximately $285,428,000. ATLAS Infrastructure Partners UK Ltd. lifted its stake in shares of Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after purchasing an additional 3,815,722 shares during the period. AQR Capital Management LLC boosted its position in shares of Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock valued at $143,163,000 after purchasing an additional 2,603,959 shares in the last quarter. Finally, Electron Capital Partners LLC purchased a new stake in Exelon in the first quarter worth $117,274,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of EXC stock opened at $43.33 on Tuesday. The company has a market capitalization of $43.78 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.69 and a beta of 0.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company’s 50-day moving average is $46.28 and its 200 day moving average is $44.57.

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

Exelon Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXC shares. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. BTIG Research initiated coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research note on Wednesday, October 15th. Morgan Stanley reissued an “underperform” rating and set a $52.00 price objective on shares of Exelon in a research note on Thursday, November 20th. Finally, Barclays raised their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.