Evergreen Capital Management LLC Makes New $294,000 Investment in Exelon Corporation $EXC

Key Points

• Evergreen Capital Management LLC has invested $294,000 in Exelon Corporation, acquiring 6,372 shares during the first quarter.
• Exelon Corporation will pay a quarterly dividend of $0.40 per share on September 15th, yielding 3.7% annually.
• Analysts have a consensus rating of "Hold" for Exelon, with a target price of $47.20.

Evergreen Capital Management LLC purchased a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,372 shares of the company's stock, valued at approximately $294,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Magnetar Financial LLC purchased a new position in Exelon in the first quarter valued at $3,365,000. State of Wyoming increased its holdings in Exelon by 43.2% in the first quarter. State of Wyoming now owns 8,709 shares of the company's stock valued at $401,000 after buying an additional 2,629 shares in the last quarter. Trexquant Investment LP increased its holdings in Exelon by 1,757.4% in the first quarter. Trexquant Investment LP now owns 513,997 shares of the company's stock valued at $23,685,000 after buying an additional 486,324 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Exelon in the first quarter valued at $161,000. Finally, Ieq Capital LLC increased its holdings in Exelon by 27.4% in the first quarter. Ieq Capital LLC now owns 78,962 shares of the company's stock valued at $3,639,000 after buying an additional 16,978 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of NASDAQ:EXC traded down $0.35 during midday trading on Monday, hitting $43.08. The company's stock had a trading volume of 677,996 shares, compared to its average volume of 7,198,870. The business's 50 day simple moving average is $44.00 and its 200 day simple moving average is $44.22. 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 company has a market cap of $43.51 billion, a P/E ratio of 16.37, a price-to-earnings-growth 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 posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Analysts Set New Price Targets

A number of research firms have weighed in on EXC. UBS Group reaffirmed 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. KeyCorp cut 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. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has an average 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.