Alliancebernstein L.P. Grows Stock Position in Exelon Corporation $EXC

Key Points

• Alliancebernstein L.P. increased its holdings in Exelon Corporation by 13.7% in Q1, owning 1,420,233 shares valued at approximately $65.4 million.
• Exelon reported a quarterly EPS of $0.39, beating estimates, and set its FY 2025 guidance between $2.640 and $2.740 EPS.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.7% with a payout ratio of 60.84%.

Alliancebernstein L.P. raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 13.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,420,233 shares of the company's stock after buying an additional 170,935 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of Exelon worth $65,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. Vanguard Group Inc. increased its holdings 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 purchasing an additional 581,686 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Exelon by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after purchasing an additional 653,627 shares during the period. Deutsche Bank AG increased its holdings 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 purchasing an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA increased its holdings 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 purchasing an additional 106,917 shares during the period. Finally, Invesco Ltd. increased its holdings 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 purchasing an additional 83,518 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Up 0.2%

Exelon stock opened at $43.43 on Friday. The firm has a market cap of $43.86 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The business's 50-day moving average price is $44.00 and its 200 day moving average price is $44.22. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $5.47 billion. During the same period last year, the company earned $0.47 earnings per share. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Analysts Set New Price Targets

EXC has been the topic of a number of research reports. KeyCorp cut their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Finally, UBS Group reaffirmed a "neutral" rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. 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. Based on data from MarketBeat.com, Exelon has a consensus rating of "Hold" and a consensus 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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