73,023 Shares in Exelon Corporation $EXC Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC acquired a new position in Exelon Corporation valued at approximately $3.37 million, buying 73,023 shares during the first quarter.
• A number of large investors, including Nuveen LLC and T. Rowe Price, have significantly increased their stakes in Exelon, with institutional investors now owning 80.92% of the company's stock.
• Exelon plans to pay a quarterly dividend of $0.40 per share on September 15, representing an annual yield of 3.7% and a payout ratio of 60.84%.

Magnetar Financial LLC purchased a new position in Exelon Corporation (NASDAQ:EXC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,023 shares of the company's stock, valued at approximately $3,365,000.

Other institutional investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in shares of Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after acquiring an additional 150,876 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Exelon by 3.6% during the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after acquiring an additional 10,176 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Exelon by 14.9% during the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after acquiring an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Exelon during the first quarter valued at approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Exelon by 141.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after acquiring an additional 157,548 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.18 on Thursday, hitting $43.20. 1,506,699 shares of the company were exchanged, compared to its average volume of 7,231,773. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The stock's 50 day moving average price is $43.97 and its 200 day moving average price is $44.20. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $43.63 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, KeyCorp reduced their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $47.20.

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.