Exelon Corporation $EXC Shares Bought by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Exelon Corporation by 56.3%, now owning approximately 0.15% of the company valued at $67.6 million after acquiring additional shares.
• Research analysts have mixed ratings for Exelon, with a consensus price target of $47.20 and ratings ranging from "Buy" to "Sell" among five analysts.
• Exelon recently announced a $0.40 quarterly dividend scheduled for payment to investors on September 15, reflecting an annualized yield of 3.7%.

Adage Capital Partners GP L.L.C. lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 56.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,467,432 shares of the company's stock after acquiring an additional 528,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.15% of Exelon worth $67,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after acquiring an additional 581,686 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Exelon by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after buying an additional 653,627 shares in the last quarter. Deutsche Bank AG raised its stake in Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after purchasing an additional 1,988,212 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Exelon by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock valued at $729,777,000 after purchasing an additional 106,917 shares during the period. Finally, Invesco Ltd. increased its stake in Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after acquiring an additional 83,518 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group reissued a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Finally, KeyCorp dropped their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $47.20.

Exelon Trading Down 0.6%

Exelon stock traded down $0.26 during mid-day trading on Monday, hitting $43.17. The company's stock had a trading volume of 1,036,965 shares, compared to its average volume of 7,200,594. The firm has a market capitalization of $43.60 billion, a PE ratio of 16.41, a price-to-earnings-growth 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. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock's fifty day moving average is $44.00 and its two-hundred day moving average is $44.22.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the business posted $0.47 earnings per share. The company's quarterly 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 anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced 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 is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon's dividend payout ratio (DPR) is 60.84%.

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.