Quantbot Technologies LP Invests $1.07 Million in Exelon Corporation $EXC

Key Points

• Quantbot Technologies LP has acquired a new position in Exelon Corporation by purchasing 23,221 shares valued at approximately $1,070,000 in the 1st quarter.
• Exelon recently posted quarterly earnings of $0.39 earnings per share, exceeding analysts' estimates, and announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 3.6%.
• Analysts have given mixed ratings on Exelon, with the stock holding a consensus rating of "Hold" and an average price target of $47.20.

Quantbot Technologies LP acquired a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 23,221 shares of the company's stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Nuveen LLC purchased a new position in Exelon during the 1st quarter worth approximately $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $483,525,000 after acquiring an additional 3,878,687 shares in the last quarter. GQG Partners LLC purchased a new position in shares of Exelon during the 1st quarter valued at $112,832,000. Royal Bank of Canada grew its holdings in shares of Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock valued at $144,489,000 after acquiring an additional 2,137,439 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after acquiring an additional 1,988,212 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Exelon stock traded down $0.58 on Thursday, reaching $43.82. 2,578,692 shares of the stock were exchanged, compared to its average volume of 7,278,131. The stock has a market cap of $44.25 billion, a PE ratio of 16.67, a PEG ratio of 2.60 and a beta of 0.38. 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 Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The firm has a fifty day moving average price of $43.89 and a two-hundred day moving average price of $44.16.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results 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 firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EXC shares. Guggenheim boosted their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Evercore ISI boosted their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Morgan Stanley restated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. UBS Group restated a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a report on Friday, July 11th. 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company 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.