SLT Holdings LLC Reduces Stock Position in Exelon Corporation $EXC

SLT Holdings LLC lessened its stake in shares of Exelon Corporation (NASDAQ:EXC) by 43.4% during the second quarter, HoldingsChannel.com reports. The fund owned 4,869 shares of the company’s stock after selling 3,731 shares during the quarter. SLT Holdings LLC’s holdings in Exelon were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EXC. Nuveen LLC purchased a new stake in shares of Exelon during the 1st quarter valued at about $285,428,000. ATLAS Infrastructure Partners UK Ltd. boosted its holdings in shares of Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after acquiring an additional 3,815,722 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Exelon by 506.9% during the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock valued at $143,163,000 after acquiring an additional 2,603,959 shares during the last quarter. Electron Capital Partners LLC purchased a new stake in shares of Exelon during the 1st quarter valued at about $117,274,000. Finally, GQG Partners LLC purchased a new stake in shares of Exelon during the 1st quarter valued at about $112,832,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Exelon Price Performance

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

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

Exelon Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.4%. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

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.