Panagora Asset Management Inc. Has $95.55 Million Stock Holdings in Exelon Corporation $EXC

Key Points

• Panagora Asset Management Inc. increased its stake in Exelon Corporation by 20.6%, owning over 2 million shares valued at approximately $95.5 million as of the end of the most recent quarter.
• Several hedge funds significantly raised their positions in Exelon, with Edgestream Partners L.P. boosting its holdings by 354.9%.
• Exelon recently posted quarterly earnings of $0.39 EPS, exceeding estimates, while announcing a quarterly dividend of $0.40 per share, reflecting a yield of 3.7%.

Panagora Asset Management Inc. boosted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 20.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,073,512 shares of the company's stock after acquiring an additional 354,019 shares during the period. Panagora Asset Management Inc. owned 0.21% of Exelon worth $95,547,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXC. Ameriflex Group Inc. bought a new position in Exelon during the 4th quarter worth $25,000. Hazlett Burt & Watson Inc. increased its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in Exelon during the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon during the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Exelon in the 1st quarter valued at $50,000. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXC shares. KeyCorp decreased 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. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exelon presently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Trading Down 0.5%

EXC traded down $0.21 during midday trading on Thursday, hitting $43.18. 1,562,453 shares of the company were exchanged, compared to its average volume of 7,232,409. The firm has a market capitalization of $43.61 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.56 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 firm's 50 day moving average price is $43.97 and its 200-day moving average price is $44.20. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last announced its 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. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. 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.