Russell Investments Group Ltd. Sells 338,583 Shares of Exelon Corporation $EXC

Russell Investments Group Ltd. reduced its stake in shares of Exelon Corporation (NASDAQ:EXC) by 14.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,046,352 shares of the company’s stock after selling 338,583 shares during the quarter. Russell Investments Group Ltd.’s holdings in Exelon were worth $88,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its position in shares of Exelon by 11.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 51,418 shares of the company’s stock worth $2,369,000 after purchasing an additional 5,130 shares in the last quarter. Cetera Investment Advisers grew its stake in Exelon by 3.1% during the first quarter. Cetera Investment Advisers now owns 245,785 shares of the company’s stock worth $11,326,000 after buying an additional 7,473 shares during the last quarter. LPL Financial LLC grew its stake in Exelon by 5.3% during the first quarter. LPL Financial LLC now owns 371,350 shares of the company’s stock worth $17,112,000 after buying an additional 18,646 shares during the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of Exelon by 2.2% during the first quarter. Prosperity Consulting Group LLC now owns 11,019 shares of the company’s stock worth $508,000 after buying an additional 239 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Exelon by 190.5% in the first quarter. Mackenzie Financial Corp now owns 686,395 shares of the company’s stock valued at $31,629,000 after acquiring an additional 450,141 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 1.7%

Shares of EXC opened at $46.57 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The firm has a market capitalization of $47.05 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The stock’s fifty day simple moving average is $46.08 and its 200-day simple moving average is $44.48.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group set a $57.00 price target on Exelon in a research report on Wednesday, October 15th. Barclays increased their target price on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. BTIG Research began coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. TD Cowen began coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Finally, Morgan Stanley reissued an “underperform” rating and set a $52.00 price objective on shares of Exelon in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.45.

Exelon Company 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.