Vise Technologies Inc. Sells 18,767 Shares of Exelon Corporation $EXC

Vise Technologies Inc. cut its position in shares of Exelon Corporation (NASDAQ:EXC) by 20.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,773 shares of the company’s stock after selling 18,767 shares during the quarter. Vise Technologies Inc.’s holdings in Exelon were worth $3,021,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Resonant Capital Advisors LLC boosted its holdings in Exelon by 2.4% in the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after acquiring an additional 217 shares in the last quarter. Texas Bank & Trust Co lifted its position in Exelon by 1.5% during the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after purchasing an additional 229 shares during the period. Tidal Investments LLC boosted its stake in shares of Exelon by 0.3% in the 2nd quarter. Tidal Investments LLC now owns 70,360 shares of the company’s stock worth $3,280,000 after buying an additional 243 shares during the last quarter. CX Institutional lifted its stake in shares of Exelon by 3.3% in the 2nd quarter. CX Institutional now owns 7,684 shares of the company’s stock worth $358,000 after purchasing an additional 247 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Exelon by 3.5% during the 2nd quarter. Versant Capital Management Inc now owns 8,385 shares of the company’s stock valued at $391,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Exelon from $47.00 to $45.00 and set a “market perform” rating for the company in a report on Thursday, October 22nd. KeyCorp raised shares of Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 price objective for the company in a research report on Monday, October 12th. Jefferies Financial Group restated a “hold” rating on shares of Exelon in a research note on Wednesday, October 28th. Truist Financial lowered their target price on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a report on Friday, October 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exelon currently has an average rating of “Hold” and an average target price of $48.33.

Exelon Trading Up 1.6%

EXC opened at $46.24 on Thursday. The company’s 50 day simple moving average is $42.97 and its two-hundred day simple moving average is $45.61. Exelon Corporation has a 1-year low of $39.73 and a 1-year high of $50.65. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.49 and a beta of 0.24.

Exelon (NASDAQ:EXC) last released its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period last year, the business posted $0.86 earnings per share. Exelon’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. Exelon’s payout ratio is currently 65.37%.

Exelon Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.