Electron Capital Partners LLC Invests $117.27 Million in Exelon Corporation $EXC

Key Points

• Electron Capital Partners LLC has acquired a new stake in Exelon Corporation, purchasing 2,545,014 shares valued at approximately $117 million, making Exelon its 4th largest holding.
• The recent earnings report showed Exelon exceeding analysts' earnings expectations with $0.39 EPS and a revenue of $5.43 billion, although slightly lower than the forecast.
• Exelon announced a quarterly dividend of $0.40 per share, representing an annual yield of 3.7%, with a payout ratio of 60.84%.

Electron Capital Partners LLC purchased a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,545,014 shares of the company's stock, valued at approximately $117,274,000. Exelon comprises about 7.7% of Electron Capital Partners LLC's investment portfolio, making the stock its 4th biggest holding. Electron Capital Partners LLC owned 0.25% of Exelon as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EXC. Ameriflex Group Inc. bought a new position in shares of Exelon during the 4th quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. lifted its holdings in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Exelon in the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon in the 1st quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon in the 1st quarter worth approximately $50,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

Shares of NASDAQ:EXC traded up $0.34 during trading on Tuesday, reaching $43.36. The stock had a trading volume of 1,323,681 shares, compared to its average volume of 7,185,162. 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 has a fifty day moving average price of $43.99 and a 200-day moving average price of $44.22. The stock has a market cap of $43.79 billion, a PE ratio of 16.48, a PEG ratio of 2.55 and a beta of 0.41. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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. 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%.The business's revenue was up 1.2% on a year-over-year basis. During the same period in the previous 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 fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 3.7%. Exelon's payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXC. KeyCorp decreased their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Five equities research 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, the company has a consensus rating of "Hold" and a consensus 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.