Headlands Technologies LLC Acquires 75,456 Shares of Exelon Corporation (NASDAQ:EXC)

Key Points

• Headlands Technologies LLC increased its stake in Exelon Corporation by 65.8%, acquiring 75,456 additional shares and bringing its total to 190,210 shares valued at approximately $8.77 million.
• Several institutional investors have also increased their holdings in Exelon, with 80.92% of the stock owned by institutional investors.
• Exelon reported $0.39 earnings per share for the last quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.40 per share with a yield of 3.6%.

Headlands Technologies LLC grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 65.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,210 shares of the company's stock after acquiring an additional 75,456 shares during the period. Exelon accounts for about 1.0% of Headlands Technologies LLC's investment portfolio, making the stock its 18th biggest position. Headlands Technologies LLC's holdings in Exelon were worth $8,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. raised its position in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in Exelon during the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon during the 1st quarter worth approximately $42,000. Finally, Redwood Park Advisors LLC acquired a new position in Exelon during the 4th quarter worth approximately $44,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of recent research reports. KeyCorp reduced their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Evercore ISI upped their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Morgan Stanley dropped their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company upped their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Guggenheim upped their price objective on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Stock Performance

EXC traded down $0.22 during trading on Friday, hitting $45.32. The stock had a trading volume of 3,803,099 shares, compared to its average volume of 6,082,460. The company has a 50 day moving average price of $43.44 and a 200-day moving average price of $43.80. The firm has a market cap of $45.77 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.66 and a beta of 0.38. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly 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. The business had revenue of $5.43 billion during 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 firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. As a group, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon's payout ratio is currently 60.84%.

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.