Algert Global LLC Raises Stock Holdings in Exelon Corporation $EXC

Key Points

• Algert Global LLC increased its holdings in Exelon Corporation by 84.4%, owning nearly 24,000 shares valued at over $1.1 million as of the latest reporting period.
• Exelon recently declared a quarterly dividend of $0.40 per share, which represents a yield of 3.6%, with a payout ratio of approximately 60.84%.
• Analysts have set a consensus price target for Exelon at $47.20, with various ratings including four "Buy" and one "Sell" from different firms.

Algert Global LLC increased its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 84.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 23,973 shares of the company's stock after acquiring an additional 10,970 shares during the quarter. Algert Global LLC's holdings in Exelon were worth $1,105,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Exelon by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,343,943 shares of the company's stock valued at $125,866,000 after buying an additional 34,219 shares during the period. MML Investors Services LLC raised its position in Exelon by 14.2% during the fourth quarter. MML Investors Services LLC now owns 81,310 shares of the company's stock valued at $3,061,000 after purchasing an additional 10,087 shares in the last quarter. Stifel Financial Corp lifted its position in Exelon by 2.4% in the 4th quarter. Stifel Financial Corp now owns 123,023 shares of the company's stock worth $4,631,000 after buying an additional 2,854 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Exelon by 35.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 938,832 shares of the company's stock worth $35,338,000 after acquiring an additional 246,200 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in Exelon by 66.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 99,311 shares of the company's stock valued at $3,738,000 after buying an additional 39,556 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Down 1.0%

NASDAQ:EXC traded down $0.46 during mid-day trading on Thursday, hitting $43.93. 1,197,532 shares of the company's stock were exchanged, compared to its average volume of 7,268,956. The company has a market cap of $44.37 billion, a PE ratio of 16.72, a P/E/G ratio of 2.60 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The business has a fifty day moving average price of $43.89 and a 200 day moving average price of $44.16.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is presently 60.84%.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. KeyCorp cut their target price 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. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company upped their price target on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, Guggenheim upped their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Five 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 MarketBeat.com, Exelon presently has a consensus rating of "Hold" and an average price target 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.