Steel Grove Capital Advisors LLC Has $272,000 Holdings in Exelon Corporation $EXC

Steel Grove Capital Advisors LLC trimmed its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 85.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,239 shares of the company’s stock after selling 35,463 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Exelon were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Lazard Asset Management LLC increased its holdings in Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after purchasing an additional 5,554,494 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in Exelon by 134,604.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock valued at $160,137,000 after purchasing an additional 3,554,891 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock valued at $202,742,000 after purchasing an additional 2,841,118 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Exelon during the 4th quarter valued at $119,749,000. Finally, Man Group plc increased its holdings in Exelon by 99.4% during the 2nd quarter. Man Group plc now owns 3,034,725 shares of the company’s stock valued at $131,768,000 after purchasing an additional 1,512,552 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.3%

NASDAQ:EXC opened at $46.19 on Thursday. Exelon Corporation has a 12-month low of $42.11 and a 12-month high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $47.26 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.67 and a beta of 0.32. The stock’s fifty day simple moving average is $46.91 and its 200-day simple moving average is $46.02.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The business had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company earned $0.92 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Wall Street Analyst Weigh In

EXC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Truist Financial started coverage on Exelon in a research report on Monday, April 20th. They issued a “hold” rating and a $50.00 price objective on the stock. Royal Bank Of Canada decreased their price objective on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Citigroup started coverage on Exelon in a research report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective on the stock. Finally, UBS Group increased their price objective on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.33.

About Exelon

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.