Pacer Advisors Inc. Trims Holdings in Exelon Corporation $EXC

Pacer Advisors Inc. decreased its stake in shares of Exelon Corporation (NASDAQ:EXC) by 43.2% during the first quarter, HoldingsChannel.com reports. The firm owned 110,593 shares of the company’s stock after selling 84,213 shares during the period. Pacer Advisors Inc.’s holdings in Exelon were worth $5,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXC. Capital International Investors bought a new position in Exelon in the 4th quarter valued at $738,333,000. Norges Bank bought a new stake in Exelon during the fourth quarter worth about $617,974,000. Capital World Investors lifted its position in Exelon by 807.4% in the 4th quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock worth $440,284,000 after buying an additional 8,987,453 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 32.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after acquiring an additional 5,554,494 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Exelon by 69.0% in the 4th quarter. Allianz Asset Management GmbH now owns 7,612,010 shares of the company’s stock valued at $331,808,000 after purchasing an additional 3,107,644 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Down 0.2%

Shares of Exelon stock opened at $45.76 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The stock has a market capitalization of $47.24 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 2.77 and a beta of 0.31. The company’s 50 day moving average price is $46.29 and its 200-day moving average price is $46.66.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is presently 61.54%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. KeyCorp cut their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Barclays cut Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $49.00 in a research note on Friday, April 17th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $49.00 target price (down from $52.00) on shares of Exelon in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.33.

Exelon Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.