Exelon Corporation $EXC Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC trimmed its position in Exelon Corporation (NASDAQ:EXC) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,431 shares of the company’s stock after selling 3,191 shares during the period. Convergence Investment Partners LLC’s holdings in Exelon were worth $974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXC. Hager Investment Management Services LLC boosted its stake in Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon in the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon in the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the first quarter valued at approximately $42,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXC shares. TD Cowen started coverage on shares of Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target for the company. KeyCorp raised their price target on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. Barclays raised their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Evercore ISI started coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.36.

Exelon Stock Up 0.1%

NASDAQ:EXC opened at $48.07 on Tuesday. The firm has a market capitalization of $48.55 billion, a P/E ratio of 18.28, a PEG ratio of 2.98 and a beta of 0.40. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The company’s fifty day moving average price is $45.04 and its 200-day moving average price is $44.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm 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 business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

About Exelon

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.