Exelon Corporation $EXC Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 25.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,016 shares of the company’s stock after acquiring an additional 12,288 shares during the quarter. 1832 Asset Management L.P.’s holdings in Exelon were worth $2,606,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EXC. Hager Investment Management Services LLC lifted its stake in Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Exelon during the second quarter worth approximately $29,000. Investment Research & Advisory Group Inc. acquired a new stake in Exelon during the second quarter worth approximately $39,000. Sound Income Strategies LLC lifted its position in shares of Exelon by 213.7% during the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock worth $52,000 after buying an additional 810 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Exelon by 75.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,216 shares of the company’s stock valued at $53,000 after buying an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.2%

Shares of EXC stock opened at $43.81 on Friday. The company has a market capitalization of $44.26 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 2.70 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $46.30 and its two-hundred day moving average is $44.57. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 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 business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is 57.35%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EXC shares. BTIG Research began coverage on shares of Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price objective on shares of Exelon in a report on Thursday, November 20th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. UBS Group boosted 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.45.

About Exelon

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.