AQR Capital Management LLC Grows Stake in Exelon Corporation $EXC

Key Points

• AQR Capital Management LLC increased its stake in Exelon Corporation by 506.9% during the first quarter, owning over 3.1 million shares worth approximately $143.16 million.
• Exelon reported a net income of $0.39 per share for the latest quarter, slightly above analyst expectations, amidst revenues of $5.43 billion.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 3.7% for investors.

AQR Capital Management LLC lifted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 506.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,117,668 shares of the company's stock after purchasing an additional 2,603,959 shares during the period. AQR Capital Management LLC owned 0.31% of Exelon worth $143,163,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Providence Wealth Advisors LLC grew its holdings in shares of Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock worth $1,802,000 after purchasing an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. CWM LLC boosted its holdings in Exelon by 0.7% in the first quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after acquiring an additional 226 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Exelon by 2.4% in the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after buying an additional 230 shares during the period. Finally, Centre Asset Management LLC lifted its stake in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after buying an additional 233 shares during the period. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EXC shares. UBS Group reaffirmed a "neutral" rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $47.20.

Exelon Trading Down 0.9%

Exelon stock traded down $0.41 during trading hours on Monday, reaching $43.02. The company had a trading volume of 4,127,684 shares, compared to its average volume of 7,219,747. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a 50-day moving average price of $44.00 and a 200 day moving average price of $44.22. The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share 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 in the previous year, the company posted $0.47 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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

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.