Teza Capital Management LLC Takes $546,000 Position in Exelon Corporation $EXC

Key Points

• Teza Capital Management LLC acquired 11,851 shares of Exelon Corporation valued at approximately $546,000, indicating growing institutional interest in the company.
• Exelon's earnings report showed a EPS of $0.39, exceeding analysts' expectations of $0.37, while the company also announced a quarterly dividend of $0.40 per share.
• Wall Street analysts have a mixed rating on Exelon, with a consensus rating of "Hold" and an average price target of $47.20, reflecting varying perspectives on its future performance.

Teza Capital Management LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,851 shares of the company's stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXC. Vanguard Group Inc. increased its holdings in Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after buying an additional 581,686 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after buying an additional 653,627 shares in the last quarter. Deutsche Bank AG increased its holdings in Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after buying an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock worth $729,777,000 after buying an additional 106,917 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after buying an additional 83,518 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXC has been the subject of several research analyst reports. UBS Group reiterated a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $47.20.

Exelon Price Performance

Shares of EXC traded down $0.12 during mid-day trading on Friday, hitting $43.38. 4,244,939 shares of the stock were exchanged, compared to its average volume of 5,075,177. The company has a market cap of $43.81 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The firm has a 50-day moving average of $44.00 and a two-hundred day moving average of $44.20. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for 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 company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon's payout ratio is currently 60.84%.

Exelon Company 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.