Commerzbank Aktiengesellschaft FI Has $805,000 Holdings in Exelon Corporation $EXC

Commerzbank Aktiengesellschaft FI cut its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 68.2% in the second quarter, HoldingsChannel reports. The fund owned 18,526 shares of the company’s stock after selling 39,798 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Exelon were worth $805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXC. Hager Investment Management Services LLC boosted its position in Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after acquiring an additional 335 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of Exelon by 46.4% in the 1st 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 bought a new position in shares of Exelon in the 1st quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. bought a new position in shares of Exelon in the 2nd quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Exelon in the 1st 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 recently weighed in on the company. UBS Group raised their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI assumed coverage on Exelon in a research report on Monday. They issued an “outperform” rating and a $57.00 price target on the stock. Morgan Stanley dropped their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. KeyCorp dropped their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research report on Wednesday. Five investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.33.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $47.07 on Friday. 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 $47.54 billion, a PE ratio of 17.90, a PEG ratio of 2.74 and a beta of 0.40. The business’s 50 day moving average is $44.41 and its 200-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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping 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 quarter last year, the firm earned $0.47 EPS. Exelon’s revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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

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.