AlphaQuest LLC Has $2.70 Million Stake in Exelon Corporation $EXC

Key Points

• AlphaQuest LLC increased its holdings in Exelon Corporation by 16.0% during the first quarter, owning a total of 58,618 shares valued at approximately $2.7 million.
• Exelon Corporation reported a quarterly earnings per share (EPS) of $0.39, exceeding analysts' expectations and showing a 1.2% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.40 per share, which will be paid on September 15th, offering an annualized yield of 3.6%.

AlphaQuest LLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 16.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,618 shares of the company's stock after buying an additional 8,067 shares during the quarter. AlphaQuest LLC's holdings in Exelon were worth $2,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the fourth quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon in the first quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon in the first quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Exelon in the first quarter worth approximately $50,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of EXC traded down $0.18 during midday trading on Tuesday, hitting $44.42. 9,447,999 shares of the stock traded hands, compared to its average volume of 7,314,572. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The firm has a market capitalization of $44.86 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.64 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. The business's 50 day moving average price is $43.81 and its two-hundred day moving average price is $44.16.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio is presently 60.84%.

Analysts Set New Price Targets

Several research firms recently issued reports on EXC. BMO Capital Markets raised 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. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, Evercore ISI lifted their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.20.

Exelon 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.