Exelon Corporation $EXC Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its holdings in Exelon Corporation (NASDAQ:EXC) by 39.5% during the first quarter, Holdings Channel.com reports. The firm owned 122,791 shares of the company’s stock after selling 80,052 shares during the period. iA Global Asset Management Inc.’s holdings in Exelon were worth $6,019,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Caxton Associates LLP purchased a new position in shares of Exelon during the 1st quarter worth approximately $286,000. Woodline Partners LP raised its position in Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after purchasing an additional 24,580 shares during the period. Jump Financial LLC purchased a new stake in Exelon in the second quarter valued at approximately $2,448,000. Gamco Investors INC. ET AL acquired a new position in Exelon during the second quarter worth $645,000. Finally, Treasurer of the State of North Carolina lifted its stake in Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after purchasing an additional 14,240 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EXC. KeyCorp dropped their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Citigroup initiated coverage on Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Wells Fargo & Company set a $50.00 target price on Exelon in a report on Tuesday, April 21st. Jefferies Financial Group downgraded Exelon from a “buy” rating to a “hold” rating and dropped their target price for the company from $55.00 to $50.00 in a research report on Monday, April 20th. Finally, Royal Bank Of Canada cut their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.27.

Exelon Stock Performance

NASDAQ:EXC opened at $46.26 on Thursday. Exelon Corporation has a 52 week low of $42.47 and a 52 week high of $50.65. The company has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $46.13. 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 company has a market cap of $47.33 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31.

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

Exelon Dividend Announcement

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

Exelon 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.