Acadian Asset Management LLC Has $15.49 Million Stake in Exelon Corporation $EXC

Key Points

• Acadian Asset Management LLC increased its stake in Exelon Corporation by 26.4%, owning 336,334 shares valued at approximately $15.49 million as of its latest SEC filing.
• Exelon recently reported quarterly earnings of $0.39 per share, exceeding analysts' expectations, and saw a year-over-year revenue increase of 1.2%.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.7%, with a dividend payout ratio of 60.84%.

Acadian Asset Management LLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,334 shares of the company's stock after buying an additional 70,248 shares during the period. Acadian Asset Management LLC's holdings in Exelon were worth $15,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Providence Wealth Advisors LLC boosted its position in Exelon by 0.6% during the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. CWM LLC increased its stake in Exelon by 0.7% in the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after buying an additional 226 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock worth $450,000 after buying an additional 230 shares in the last quarter. Finally, Centre Asset Management LLC boosted its stake in shares of Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Ratings Changes

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

Exelon Price Performance

Shares of EXC stock traded down $0.44 on Tuesday, reaching $42.99. The company had a trading volume of 3,131,615 shares, compared to its average volume of 7,119,639. The business's 50-day moving average is $44.01 and its 200 day moving average is $44.20. The stock has a market capitalization of $43.42 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.41. Exelon Corporation has a one year low of $35.94 and a one year 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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%.Exelon's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon's dividend payout ratio (DPR) is presently 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.