Martingale Asset Management L P Purchases 66,321 Shares of Exelon Corporation $EXC

Key Points

• Martingale Asset Management L P increased its stake in Exelon Corporation by 15.7%, purchasing an additional 66,321 shares, bringing its total holdings to 487,658 shares worth approximately $22.47 million.
• Exelon reported a quarterly earnings per share of $0.39, which was above analysts' expectations of $0.37, while also announcing a quarterly dividend of $0.40 per share, reflecting a yield of 3.6%.
• Analysts have mixed ratings on Exelon, with four giving it a Buy rating, five a Hold rating, and one a Sell rating, resulting in an average target price of $47.20.

Martingale Asset Management L P lifted its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 15.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 487,658 shares of the company's stock after purchasing an additional 66,321 shares during the quarter. Martingale Asset Management L P's holdings in Exelon were worth $22,471,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after buying an additional 7,483,873 shares during the period. Nuveen LLC purchased a new position in Exelon in the 1st quarter worth $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Exelon by 43.3% during the 4th 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. GQG Partners LLC purchased a new stake in Exelon during the 1st quarter valued at about $112,832,000. Finally, Royal Bank of Canada increased its holdings in shares of Exelon by 125.6% in the fourth quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock valued at $144,489,000 after purchasing an additional 2,137,439 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore ISI upped their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. 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. Guggenheim increased their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Exelon currently has an average rating of "Hold" and an average target price of $47.20.

Exelon Stock Performance

EXC opened at $44.88 on Thursday. The firm's fifty day simple moving average is $43.72 and its two-hundred day simple moving average is $44.04. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The company has a market cap of $45.33 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 2.62 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the company posted $0.47 EPS. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. 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 60.84%.

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.

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