Exelon Corporation $EXC Shares Acquired by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its holdings in Exelon Corporation by 8.3%, owning 280,148 shares valued at approximately $12.91 million as of its latest SEC filing.
• Exelon recently reported a quarterly EPS of $0.39, beating the consensus estimate of $0.37, alongside revenues of $5.43 billion.
• Several analysts have raised their price targets on Exelon, with the current average target set at $47.20 and an overall rating of "Hold."

HighTower Advisors LLC grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 280,148 shares of the company's stock after purchasing an additional 21,382 shares during the period. HighTower Advisors LLC's holdings in Exelon were worth $12,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in EXC. Price T Rowe Associates Inc. MD grew its position in shares of Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares in the last quarter. Nuveen LLC purchased a new position in Exelon in the first quarter worth approximately $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Exelon by 43.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after acquiring an additional 3,878,687 shares during the period. Royal Bank of Canada grew its position in Exelon by 125.6% in the fourth quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock worth $144,489,000 after acquiring an additional 2,137,439 shares during the period. Finally, Deutsche Bank AG grew its position in Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. UBS Group reiterated a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley lowered their price target on 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 raised their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, KeyCorp lowered 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. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Stock Down 0.2%

NASDAQ:EXC traded down $0.0930 during midday trading on Thursday, reaching $44.7870. The company had a trading volume of 1,837,781 shares, compared to its average volume of 7,324,587. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.62 and a beta of 0.38. The stock's fifty day simple moving average is $43.72 and its 200-day simple moving average is $44.04. Exelon Corporation has a 12-month low of $35.94 and a 12-month 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.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analysts' expectations 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 last year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is 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.