Y Intercept Hong Kong Ltd Sells 97,334 Shares of Exelon Corporation $EXC

Y Intercept Hong Kong Ltd cut its stake in Exelon Corporation (NASDAQ:EXC) by 75.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,293 shares of the company’s stock after selling 97,334 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Exelon were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. lifted its holdings in Exelon by 1.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 380,500 shares of the company’s stock worth $17,126,000 after buying an additional 4,400 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Exelon by 325.6% during the third quarter. Baillie Gifford & Co. now owns 366,170 shares of the company’s stock worth $16,481,000 after acquiring an additional 280,140 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Exelon by 3.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 479,239 shares of the company’s stock valued at $21,571,000 after acquiring an additional 16,575 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Exelon by 16.2% in 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 last quarter. Finally, Drive Wealth Management LLC acquired a new stake in Exelon in the third quarter worth about $212,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.8%

NASDAQ:EXC opened at $44.78 on Friday. Exelon Corporation has a 1 year low of $39.67 and a 1 year high of $48.51. The stock has a 50-day moving average price of $44.24 and a two-hundred day moving average price of $44.77. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.60 and a beta of 0.46. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

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

Analyst Ratings Changes

A number of research firms have issued reports on EXC. Barclays cut their target price on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Exelon from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. KeyCorp set a $39.00 target price on shares of Exelon in a report on Friday, December 12th. JPMorgan Chase & Co. cut their price target on Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, UBS Group decreased their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average target price of $49.38.

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.