Exelon Corporation $EXC Shares Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC dramatically increased its stake in Exelon Corporation by 23,749.1% during the first quarter, now holding 286,189 shares valued at approximately $13.19 million.
• Exelon recently reported an earnings per share (EPS) of $0.39, exceeding analysts' expectations of $0.37, while also posting revenue of $5.43 billion for the quarter.
• The company declared a quarterly dividend of $0.40 per share, indicating an annualized dividend of $1.60 and a yield of 3.7%, set to be paid on September 15th.

Cubist Systematic Strategies LLC raised its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 23,749.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,189 shares of the company's stock after acquiring an additional 284,989 shares during the period. Cubist Systematic Strategies LLC's holdings in Exelon were worth $13,188,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Energy Income Partners LLC increased its position in shares of Exelon by 4.7% during the first quarter. Energy Income Partners LLC now owns 76,688 shares of the company's stock valued at $3,534,000 after acquiring an additional 3,476 shares during the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of Exelon by 8.8% in the first quarter. Retirement Planning Co of New England Inc. now owns 5,985 shares of the company's stock valued at $276,000 after purchasing an additional 486 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of Exelon in the first quarter valued at approximately $259,000. Baird Financial Group Inc. grew its holdings in shares of Exelon by 11.5% in the first quarter. Baird Financial Group Inc. now owns 29,894 shares of the company's stock valued at $1,378,000 after purchasing an additional 3,083 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Exelon by 20.6% in the first quarter. Panagora Asset Management Inc. now owns 2,073,512 shares of the company's stock valued at $95,547,000 after purchasing an additional 354,019 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research reports. Morgan Stanley restated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. UBS Group restated 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. Finally, KeyCorp dropped their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating, four 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 an average price target of $47.20.

Exelon Stock Down 0.1%

NASDAQ:EXC traded down $0.04 during trading hours on Thursday, hitting $43.34. The company's stock had a trading volume of 5,274,438 shares, compared to its average volume of 7,254,841. The stock has a market capitalization of $43.77 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41. The stock has a fifty day moving average of $43.97 and a 200-day moving average of $44.20. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. 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 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon's revenue for the quarter 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. On average, equities analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid 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 3.7%. Exelon's payout ratio is currently 60.84%.

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.