AlphaQuest LLC Has $256,000 Holdings in Exelon Corporation $EXC

AlphaQuest LLC cut its position in shares of Exelon Corporation (NASDAQ:EXC) by 89.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,903 shares of the company’s stock after selling 52,715 shares during the quarter. AlphaQuest LLC’s holdings in Exelon were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Exelon during the 1st quarter valued at $285,428,000. ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Exelon by 192.7% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after buying an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC raised its position in Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock valued at $143,163,000 after buying an additional 2,603,959 shares during the period. Electron Capital Partners LLC purchased a new stake in Exelon in the 1st quarter worth about $117,274,000. Finally, GQG Partners LLC purchased a new stake in Exelon in the 1st quarter worth about $112,832,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. KeyCorp upped their price objective on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. TD Cowen started coverage on shares of Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday. Finally, Morgan Stanley upped their price target on shares of Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.55.

Exelon Trading Down 2.0%

Exelon stock opened at $46.12 on Friday. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company’s fifty day moving average price is $45.22 and its two-hundred day moving average price is $44.55. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market capitalization of $46.58 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.93 and a beta of 0.40.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio is presently 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.