Exelon Corporation $EXC Stake Cut by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 4.9% in the third quarter, HoldingsChannel reports. The fund owned 14,502,723 shares of the company’s stock after selling 740,042 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Exelon were worth $652,768,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hager Investment Management Services LLC boosted its holdings in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Exelon in the 2nd quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Exelon in the 3rd quarter worth approximately $32,000. Motco lifted its position in Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after buying an additional 696 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Exelon by 141.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 795 shares of the company’s stock valued at $36,000 after buying an additional 466 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $44.73 on Monday. The stock has a market capitalization of $45.19 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.63 and a beta of 0.46. The business has a 50-day moving average of $44.46 and a two-hundred day moving average of $44.70. Exelon Corporation has a fifty-two week low of $38.85 and a fifty-two week high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXC. Morgan Stanley reaffirmed an “underperform” rating and issued a $52.00 price target on shares of Exelon in a research note on Thursday, November 20th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. UBS Group dropped their target price on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. TD Cowen initiated coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Finally, KeyCorp set a $39.00 price objective on Exelon in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.85.

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.