Trust Co. of Toledo NA OH Cuts Position in Exelon Corporation $EXC

Trust Co. of Toledo NA OH trimmed its position in shares of Exelon Corporation (NASDAQ:EXC) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 34,421 shares of the company’s stock after selling 1,846 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Exelon were worth $1,495,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Providence Wealth Advisors LLC increased its stake in shares of Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after buying an additional 217 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares during the period. CWM LLC increased its stake in shares of Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after buying an additional 226 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after buying an additional 230 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Exelon by 0.6% during the first quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock worth $1,836,000 after buying an additional 234 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of EXC opened at $47.07 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market cap of $47.54 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40. The company’s 50 day simple moving average is $44.41 and its 200-day simple moving average is $44.33. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11.

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

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s dividend payout ratio (DPR) is 60.84%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. UBS Group increased their price target on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research note on Wednesday. Finally, Evercore ISI initiated coverage on shares of Exelon in a research note on Monday. They issued an “outperform” rating and a $57.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.33.

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.