Aberdeen Group plc Grows Position in Exelon Corporation $EXC

Key Points

• Aberdeen Group plc increased its stake in Exelon Corporation to approximately $39.16 million, acquiring an additional 336,061 shares, marking a 64.4% rise during the first quarter.
• Analysts have set new price targets for Exelon, with UBS Group raising their target to $48.00 and Wells Fargo increasing theirs to $50.00, reflecting a generally favorable outlook.
• Exelon recently announced a quarterly dividend of $0.40 per share, which represents a 3.6% yield, with the payout ratio currently at 60.84%.

Aberdeen Group plc increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 64.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 857,890 shares of the company's stock after buying an additional 336,061 shares during the quarter. Aberdeen Group plc owned 0.08% of Exelon worth $39,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Exelon in the fourth quarter worth about $24,283,000. Townsquare Capital LLC increased its stake in shares of Exelon by 14.4% in the fourth quarter. Townsquare Capital LLC now owns 18,896 shares of the company's stock worth $711,000 after purchasing an additional 2,379 shares in the last quarter. Mariner LLC increased its stake in shares of Exelon by 17.7% in the fourth quarter. Mariner LLC now owns 138,213 shares of the company's stock worth $5,202,000 after purchasing an additional 20,824 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Exelon by 144.3% in the fourth quarter. XTX Topco Ltd now owns 12,273 shares of the company's stock worth $462,000 after purchasing an additional 7,250 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in shares of Exelon by 7.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 22,447 shares of the company's stock worth $845,000 after purchasing an additional 1,490 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXC. UBS Group reiterated a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Guggenheim increased their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Evercore ISI increased their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exelon has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Trading Up 0.5%

EXC traded up $0.2370 during trading on Friday, reaching $44.8770. The company had a trading volume of 992,000 shares, compared to its average volume of 7,305,871. The stock has a market cap of $45.33 billion, a P/E ratio of 17.07, a PEG ratio of 2.63 and a beta of 0.38. 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 Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The business has a 50 day simple moving average of $43.74 and a 200-day simple moving average of $44.06.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities 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 will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio is currently 60.84%.

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.