73,214 Exelon Corporation $EXC Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. reduced its position in Exelon Corporation (NASDAQ:EXC) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,419 shares of the company’s stock after selling 73,214 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Exelon were worth $9,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc lifted its stake in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management bought a new position in Exelon in the 4th quarter worth $26,000. Eastern Bank purchased a new stake in Exelon in the 2nd quarter worth $26,000. Axiom Investment Management LLC purchased a new stake in Exelon in the 1st quarter worth $27,000. Finally, Elevation Wealth Partners LLC raised its holdings in Exelon by 440.0% during the second quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock valued at $28,000 after acquiring an additional 484 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC stock opened at $42.34 on Wednesday. Exelon Corporation has a one year low of $39.73 and a one year high of $50.65. The company’s fifty day moving average price is $43.16 and its 200-day moving average price is $45.33. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The company has a market capitalization of $43.71 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.30 and a beta of 0.30.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%. Exelon’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Exelon’s dividend payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXC shares. Morgan Stanley lowered their price objective on Exelon from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Argus dropped their price objective on Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. KeyCorp upgraded Exelon from an “underweight” rating to a “sector weight” rating in a research report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research note on Tuesday, October 6th. Finally, Truist Financial decreased their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.33.

Exelon Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company focused on the transmission and distribution of electricity and the delivery of natural gas. Through its operating companies, Exelon provides energy delivery, infrastructure, grid modernization, reliability, and related customer services rather than operating a competitive power-generation business.

Exelon’s six principal utilities are Commonwealth Edison (ComEd) in Illinois; PECO in Pennsylvania; Baltimore Gas and Electric (BGE) in Maryland; Delmarva Power in Delaware and Maryland; Atlantic City Electric in New Jersey; and Pepco in Washington, DC, and Maryland.