Connor Clark & Lunn Investment Management Ltd. Acquires New Position in Exelon Corporation $EXC

Key Points

• Connor Clark & Lunn Investment Management Ltd. has invested approximately $609,000 in Exelon Corporation by acquiring 13,222 shares during the 1st quarter.
• Several institutional investors are increasing their stakes in Exelon, with Mariner LLC leading with a 17.7% increase in holdings during the fourth quarter.
• Exelon recently reported quarterly earnings of $0.39 per share, which surpassed analyst expectations, and declared a quarterly dividend of $0.40, reflecting an annualized yield of 3.6%.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,222 shares of the company's stock, valued at approximately $609,000.

Several other hedge funds have also modified their holdings of EXC. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the fourth quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its stake in shares of 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 in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon in the first quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon in the first quarter valued at $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Exelon in the first quarter valued at $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of EXC stock traded up $0.2950 during mid-day trading on Friday, hitting $44.9350. 1,773,019 shares of the stock were exchanged, compared to its average volume of 7,310,455. The stock's fifty day simple moving average is $43.74 and its two-hundred day simple moving average is $44.06. The stock has a market capitalization of $45.38 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.63 and a beta of 0.38. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11. 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 (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the company posted $0.47 earnings per share. The business'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. On average, analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on EXC shares. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. UBS Group reissued a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley dropped their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. KeyCorp dropped their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Finally, Evercore ISI increased their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.