QRG Capital Management Inc. Increases Stake in Exelon Corporation $EXC

Key Points

• QRG Capital Management Inc. increased its stake in Exelon Corporation by 6.0%, acquiring an additional 20,540 shares during the second quarter, bringing its total holdings to 363,269 shares valued at approximately $15.77 million.
• Exelon recently reported earnings of $0.39 per share for the last quarter, exceeding estimates, with revenues totaling $5.43 billion, slightly below analyst expectations.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.5%, with a payout ratio of 60.84%.

QRG Capital Management Inc. boosted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 363,269 shares of the company's stock after acquiring an additional 20,540 shares during the period. QRG Capital Management Inc.'s holdings in Exelon were worth $15,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Nuveen LLC bought a new stake in shares of Exelon in the first quarter valued at approximately $285,428,000. ATLAS Infrastructure Partners UK Ltd. raised its holdings in Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company's stock valued at $267,060,000 after acquiring an additional 3,815,722 shares during the period. AQR Capital Management LLC lifted its position in shares of Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company's stock worth $143,163,000 after acquiring an additional 2,603,959 shares in the last quarter. Electron Capital Partners LLC bought a new position in shares of Exelon in the first quarter worth $117,274,000. Finally, GQG Partners LLC purchased a new position in shares of Exelon in the first quarter valued at $112,832,000. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

EXC has been the topic of a number of recent research reports. UBS Group reissued a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley decreased their price target on Exelon from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. KeyCorp cut their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Exelon in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exelon presently has an average rating of "Hold" and an average target price of $47.44.

Exelon Stock Performance

NASDAQ:EXC opened at $45.34 on Friday. The stock has a market cap of $45.79 billion, a P/E ratio of 17.24, a PEG ratio of 2.66 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business's 50-day moving average price is $44.18 and its two-hundred day moving average price is $44.23. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Exelon's dividend 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.

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