Exelon Corporation $EXC Shares Sold by Patton Fund Management Inc.

by · The Markets Daily

Patton Fund Management Inc. trimmed its position in Exelon Corporation (NASDAQ:EXC – Free Report) by 90.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,876 shares of the company’s stock after selling 52,911 shares during the period. Patton Fund Management Inc.’s holdings in Exelon were worth $264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Exelon by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after buying an additional 2,075,014 shares in the last quarter. State Street Corp grew its holdings in Exelon by 4.0% during the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after acquiring an additional 2,491,064 shares during the period. Geode Capital Management LLC raised its position in Exelon by 3.4% in the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after acquiring an additional 931,897 shares in the last quarter. Invesco Ltd. lifted its holdings in Exelon by 7.4% in the 2nd quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock valued at $643,751,000 after acquiring an additional 1,023,874 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Exelon during the 2nd quarter valued at about $589,122,000. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXC. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Evercore ISI started coverage on Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. BTIG Research assumed coverage on Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group set a $57.00 target price on Exelon in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.75.

Read Our Latest Research Report on EXC

Exelon Stock Performance

Shares of Exelon stock opened at $43.55 on Tuesday. Exelon Corporation has a 12 month low of $36.80 and a 12 month high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The stock has a market cap of $44.00 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.45. The business has a fifty day simple moving average of $45.82 and a 200-day simple moving average of $44.59.

Exelon (NASDAQ:EXC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon’s payout ratio is presently 57.35%.

Exelon Company Profile

(Free Report)

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.

See Also

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