Allstate Corp Boosts Stock Position in Exelon Corporation $EXC

Key Points

• Allstate Corp increased its holdings in Exelon Corporation by 45.8% in the first quarter, bringing its total to 44,162 shares valued at approximately $2,035,000.
• Exelon recently announced a quarterly dividend of $0.40 per share, scheduled for payment on September 15th, which represents an annualized yield of 3.6%.
• Analysts have raised Exelon's price targets, with Guggenheim setting a new objective of $50.00 and a consensus price target of $47.20 for the stock.

Allstate Corp raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 45.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,162 shares of the company's stock after purchasing an additional 13,874 shares during the quarter. Allstate Corp's holdings in Exelon were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Exelon Stock Performance

NASDAQ:EXC opened at $44.96 on Friday. The business's fifty day moving average is $43.77 and its 200 day moving average is $44.10. The firm has a market cap of $45.41 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.62 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. 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 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company'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. Research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on EXC. Guggenheim increased their price objective on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Evercore ISI upped their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley lowered their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Finally, BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Company Profile

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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