Caisse DE Depot ET Placement DU Quebec Makes New Investment in Exelon Corporation $EXC

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 242,000 shares of Exelon Corporation, valued at approximately $11.15 million, as disclosed in their recent Form 13F filing with the SEC.
• Exelon reported a net margin of 11.16% and earnings per share of $0.39, exceeding expectations, while quarterly revenue increased by 1.2% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, equating to an annualized dividend of $1.60 and a yield of 3.6%, with a payout ratio of 60.84%.

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 242,000 shares of the company's stock, valued at approximately $11,151,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. Nuveen LLC purchased a new stake in Exelon in the 1st quarter valued at $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the last quarter. GQG Partners LLC purchased a new position in shares of Exelon during the 1st quarter worth about $112,832,000. Royal Bank of Canada lifted its holdings in shares of Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after acquiring an additional 2,137,439 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Exelon by 13,334.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,038,539 shares of the company's stock worth $93,936,000 after acquiring an additional 2,023,365 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Down 0.2%

Shares of EXC traded down $0.08 during mid-day trading on Monday, reaching $43.68. 4,003,379 shares of the stock traded hands, compared to its average volume of 5,787,729. The firm has a market cap of $44.12 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 2.56 and a beta of 0.41. The stock has a fifty day simple moving average of $43.94 and a 200 day simple moving average of $44.20. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXC. UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp cut their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Finally, Morgan Stanley restated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $47.20.

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.