Exelon Corporation $EXC Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Exelon Corporation by 24.6% in the first quarter, owning 44,576 shares worth approximately $2.05 million.
• Exelon announced a quarterly dividend of $0.40, representing an annualized dividend of $1.60 and a yield of 3.7%.
• Exelon reported $0.39 earnings per share in its last quarter, surpassing expectations, while analysts forecast a target price of $47.20 for the stock.

Intech Investment Management LLC lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,576 shares of the company's stock after purchasing an additional 8,809 shares during the quarter. Intech Investment Management LLC's holdings in Exelon were worth $2,054,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXC. State of Wyoming purchased a new position in Exelon during the fourth quarter valued at approximately $229,000. Tidal Investments LLC raised its position in Exelon by 17.9% during the fourth quarter. Tidal Investments LLC now owns 52,422 shares of the company's stock valued at $1,973,000 after acquiring an additional 7,964 shares in the last quarter. Two Sigma Investments LP raised its position in Exelon by 463.2% during the fourth quarter. Two Sigma Investments LP now owns 385,270 shares of the company's stock valued at $14,502,000 after acquiring an additional 316,857 shares in the last quarter. Two Sigma Advisers LP raised its position in Exelon by 12.3% during the fourth quarter. Two Sigma Advisers LP now owns 34,600 shares of the company's stock valued at $1,302,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Vident Advisory LLC raised its position in Exelon by 122.5% during the fourth quarter. Vident Advisory LLC now owns 36,910 shares of the company's stock valued at $1,389,000 after acquiring an additional 20,322 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group reiterated a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Finally, KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Price Performance

Shares of NASDAQ:EXC traded down $0.12 during trading on Thursday, reaching $43.11. The stock had a trading volume of 3,894,491 shares, compared to its average volume of 7,113,466. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business has a fifty day moving average price of $44.00 and a 200-day moving average price of $44.19. The stock has a market cap of $43.54 billion, a PE ratio of 16.39, a PEG ratio of 2.51 and a beta of 0.41. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for 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%.The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon's payout ratio is 60.84%.

Exelon 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.