Investment Management Corp of Ontario Decreases Stock Holdings in Exelon Corporation $EXC

Investment Management Corp of Ontario decreased its stake in shares of Exelon Corporation (NASDAQ:EXC) by 20.9% during the second quarter, Holdings Channel reports. 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 & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EXC. Hager Investment Management Services LLC lifted its holdings in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after buying an additional 335 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Exelon in the second quarter worth $29,000. CoreFirst Bank & Trust purchased a new stake in Exelon during the second quarter valued at $38,000. Investment Research & Advisory Group Inc. bought a new position in Exelon in the second quarter valued at about $39,000. Finally, Sound Income Strategies LLC boosted its position in Exelon by 213.7% in the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after purchasing an additional 810 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.1%

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

Exelon (NASDAQ:EXC) last issued 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 business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.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 announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen started coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. BTIG Research initiated coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. UBS Group lifted their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. One research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.45.

Exelon 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.