Voya Investment Management LLC Lowers Holdings in Exelon Corporation $EXC

Voya Investment Management LLC trimmed its position in Exelon Corporation (NASDAQ:EXC) by 28.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,319,057 shares of the company’s stock after selling 1,728,483 shares during the quarter. Voya Investment Management LLC’s holdings in Exelon were worth $199,022,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Focus Partners Wealth lifted its stake in shares of Exelon by 35.2% during the 4th quarter. Focus Partners Wealth now owns 39,597 shares of the company’s stock worth $1,523,000 after purchasing an additional 10,302 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Exelon during the 4th quarter worth $212,000. OMERS ADMINISTRATION Corp lifted its stake in shares of Exelon by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 41,603 shares of the company’s stock worth $1,566,000 after purchasing an additional 7,070 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Exelon by 7.1% during the 4th quarter. Nuveen Asset Management LLC now owns 4,015,710 shares of the company’s stock worth $151,151,000 after purchasing an additional 264,686 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new stake in shares of Exelon during the 4th quarter worth $308,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.4%

Shares of NASDAQ:EXC opened at $43.50 on Friday. The business’s 50-day moving average is $44.00 and its 200 day moving average is $44.21. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The firm has a market capitalization of $43.93 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.54 and a beta of 0.41. 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 announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm’s quarterly 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. On average, research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EXC shares. UBS Group restated a “neutral” rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. KeyCorp decreased their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Finally, Morgan Stanley restated an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $47.20.

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.