Maple Brown Abbott Ltd Has $145.38 Million Stock Holdings in Exelon Corporation (NASDAQ:EXC)

Key Points

• Maple Brown Abbott Ltd increased its ownership in Exelon Corporation by 36.7% in Q1 2023, now holding over 3.15 million shares, making it the fund's second-largest investment.
• Exelon reported a quarterly earnings per share of $0.39, surpassing analyst expectations of $0.37, with revenue totaling $5.43 billion for the quarter.
• The company declared a quarterly dividend of $0.40, equivalent to an annualized dividend of $1.60 and a yield of 3.6%, with a dividend payout ratio of approximately 60.84%.

Maple Brown Abbott Ltd increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 36.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,154,588 shares of the company's stock after acquiring an additional 846,358 shares during the period. Exelon makes up 9.9% of Maple Brown Abbott Ltd's investment portfolio, making the stock its 2nd largest position. Maple Brown Abbott Ltd owned about 0.31% of Exelon worth $145,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of EXC. Vanguard Group Inc. boosted its position in Exelon by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after purchasing an additional 581,686 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. Lazard Asset Management LLC boosted its position in Exelon by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after purchasing an additional 653,627 shares during the period. Deutsche Bank AG boosted its position in Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after purchasing an additional 1,988,212 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position 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 worth $729,777,000 after purchasing an additional 106,917 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Down 1.3%

NASDAQ:EXC traded down $0.58 during mid-day trading on Thursday, reaching $44.65. The stock had a trading volume of 6,822,380 shares, compared to its average volume of 6,099,713. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market capitalization of $45.10 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.65 and a beta of 0.38. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The stock's 50 day simple moving average is $43.56 and its two-hundred day simple moving average is $43.91.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during 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%. Exelon's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. Equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXC shares. Morgan Stanley lowered their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Guggenheim increased their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. KeyCorp lowered their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Evercore ISI increased their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.