Exelon Corporation $EXC Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its holdings in Exelon Corporation by 310.6% during the second quarter, acquiring an additional 558,496 shares.
• Exelon recently declared a quarterly dividend of $0.40 per share, which represents an annual yield of 3.7%.
• Exelon reported earnings of $0.39 per share for the last quarter, exceeding analysts' expectations of $0.37, while revenue rose 1.2% compared to the previous year.

Assenagon Asset Management S.A. increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 310.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 738,287 shares of the company's stock after buying an additional 558,496 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Exelon worth $32,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in shares of Exelon in the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon during the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Exelon during the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon in the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Down 0.0%

Shares of NASDAQ EXC traded down $0.01 during trading hours on Monday, hitting $43.40. 4,537,357 shares of the stock were exchanged, compared to its average volume of 5,335,119. The company has a market cap of $43.83 billion, a PE ratio of 16.50, a PEG 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. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average price of $43.99 and a 200-day moving average price of $44.19.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 11th. Exelon's dividend payout ratio is 60.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXC shares. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. KeyCorp cut their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.33.

About Exelon

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.