Exelon Corporation $EXC Shares Bought by ATLAS Infrastructure Partners UK Ltd.

Key Points

• ATLAS Infrastructure Partners UK Ltd. has significantly increased its holdings in Exelon Corporation by 192.7% during the 1st quarter, now owning approximately 5.8 million shares, making Exelon its largest investment at 18.8% of its portfolio.
• Exelon recently reported a quarterly earnings EPS of $0.39, surpassing analysts' expectations, though its revenue of $5.43 billion was slightly below forecasts.
• The company announced a quarterly dividend of $0.40, resulting in an annualized yield of 3.7%, with a current payout ratio of 60.84%.

ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 192.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,795,566 shares of the company's stock after purchasing an additional 3,815,722 shares during the period. Exelon makes up about 18.8% of ATLAS Infrastructure Partners UK Ltd.'s investment portfolio, making the stock its largest position. ATLAS Infrastructure Partners UK Ltd. owned approximately 0.57% of Exelon worth $267,060,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Edgestream Partners L.P. increased its stake in shares of Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock worth $8,911,000 after buying an additional 150,876 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Exelon by 3.6% in the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock worth $13,587,000 after buying an additional 10,176 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock worth $22,393,000 after buying an additional 63,009 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Exelon in the first quarter worth $6,795,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Exelon by 141.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock worth $12,400,000 after buying an additional 157,548 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Performance

Shares of EXC traded up $0.09 during midday trading on Friday, hitting $43.43. 4,422,605 shares of the stock traded hands, compared to its average volume of 5,310,353. 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 $43.86 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.41. 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 $44.00 and its two-hundred day moving average price is $44.22.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. 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 3.7%. Exelon's dividend payout ratio is presently 60.84%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EXC shares. Morgan Stanley restated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. UBS Group reiterated a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, KeyCorp lowered their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and a consensus target price 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.