Greenleaf Trust Lowers Position in Exelon Corporation $EXC

Greenleaf Trust reduced its stake in Exelon Corporation (NASDAQ:EXC) by 21.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,892 shares of the company’s stock after selling 5,233 shares during the quarter. Greenleaf Trust’s holdings in Exelon were worth $820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Hazlett Burt & Watson Inc. increased its position in shares of Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the 1st quarter valued at $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon during the 2nd quarter valued at $39,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon during the 1st quarter valued at $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon during the 1st quarter valued at $50,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 0.2%

Shares of EXC opened at $44.97 on Friday. The business has a 50-day moving average of $44.15 and a 200 day moving average of $44.23. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm has a market cap of $45.42 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXC. Morgan Stanley decreased their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. KeyCorp decreased their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Finally, UBS Group reaffirmed a “neutral” rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.44.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.