Exelon Corporation $EXC Stock: Vise Technologies Inc. Decreases Position

Vise Technologies Inc. decreased its position in Exelon Corporation (NASDAQ:EXC) by 20.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 74,773 shares of the company’s stock after selling 18,767 shares during the period. Vise Technologies Inc.’s holdings in Exelon were worth $3,021,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Exelon during the second quarter worth approximately $5,583,709,000. GQG Partners LLC purchased a new position in shares of Exelon in the second quarter valued at $922,917,000. Legal & General Group Plc acquired a new position in Exelon in the 2nd quarter worth $602,760,000. Bank of New York Mellon Corp purchased a new position in Exelon in the 2nd quarter valued at about $580,842,000. Finally, Deutsche Bank AG acquired a new stake in shares of Exelon during the second quarter valued at about $567,510,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Exelon in a report on Wednesday, October 28th. Truist Financial decreased their price objective on shares of Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a report on Friday, October 16th. Scotiabank cut their target price on shares of Exelon from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 30th. Argus decreased their target price on shares of Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Finally, Barclays reduced their price objective on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.33.

Exelon Stock Performance

Exelon stock opened at $46.24 on Thursday. The stock has a 50-day simple moving average of $42.97 and a 200 day simple moving average of $45.61. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.70. Exelon Corporation has a 12-month low of $39.73 and a 12-month high of $50.65. The stock has a market capitalization of $47.85 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 2.49 and a beta of 0.24.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Exelon had a net margin of 10.17% and a return on equity of 9.75%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, research analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, December 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s dividend payout ratio is currently 65.37%.

Exelon Company Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.