Advisors Capital Management LLC Takes $21.35 Million Position in Exelon Corporation $EXC

Key Points

• Advisors Capital Management LLC has acquired a new stake in Exelon Corporation, purchasing 463,422 shares valued at approximately $21.35 million.
• Several institutional investors, including Vanguard Group Inc. and Deutsche Bank AG, have also increased their positions in Exelon, demonstrating strong institutional interest in the company.
• Exelon announced a quarterly dividend of $0.40 per share, representing an annual yield of 3.7%, and has set its FY 2025 EPS guidance between 2.640 and 2.740.

Advisors Capital Management LLC bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 463,422 shares of the company's stock, valued at approximately $21,354,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after acquiring an additional 581,686 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after acquiring an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Exelon by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock valued at $729,777,000 after acquiring an additional 106,917 shares in the last quarter. Invesco Ltd. lifted its position in shares of Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock valued at $636,008,000 after acquiring an additional 83,518 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Exelon by 43.3% during the fourth 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 buying an additional 3,878,687 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Price Performance

EXC stock opened at $43.32 on Thursday. The business has a fifty day moving average of $44.00 and a two-hundred day moving average of $44.21. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The stock has a market cap of $43.75 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.41. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results 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 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%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid 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 yield of 3.7%. Exelon's dividend payout ratio (DPR) is 60.84%.

Wall Street Analyst Weigh In

EXC has been the topic of a number of analyst reports. KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley reiterated 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's stock. According to data from MarketBeat, Exelon currently has a consensus rating of "Hold" and an average target price of $47.20.

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.

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