Squarepoint Ops LLC Purchases 731,741 Shares of Exelon Corporation $EXC

Key Points

• Squarepoint Ops LLC increased its Exelon stake by 58.5% in the second quarter, purchasing 731,741 shares and bringing its total holdings to nearly 2 million shares valued at approximately $92.4 million.
• Institutional ownership of Exelon stands at 80.92%, with major investors including BlackRock, California State Teachers Retirement System, State Street, Lazard Asset Management and Deutsche Bank increasing or establishing positions.
• Analysts maintain a consensus “Hold” rating with an average price target of $50.07, while Exelon reported $5.97 billion in quarterly revenue and declared a quarterly dividend of $0.42 per share, yielding about 3.8% annually.

Squarepoint Ops LLC grew its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 58.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,982,964 shares of the company's stock after purchasing an additional 731,741 shares during the period. Squarepoint Ops LLC owned approximately 0.19% of Exelon worth $92,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EXC. BlackRock Inc. purchased a new position in shares of Exelon in the 2nd quarter worth about $5,583,709,000. California State Teachers Retirement System raised its holdings in shares of Exelon by 5,978.6% during the 2nd quarter. California State Teachers Retirement System now owns 96,812,071 shares of the company's stock valued at $4,513,379,000 after buying an additional 95,219,410 shares in the last quarter. State Street Corp lifted its position in Exelon by 4.0% in the 4th quarter. State Street Corp now owns 66,623,103 shares of the company's stock worth $2,904,101,000 after buying an additional 2,550,786 shares during the last quarter. Lazard Asset Management LLC lifted its position in Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company's stock worth $1,206,887,000 after buying an additional 1,490,251 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Exelon by 2.9% in the fourth quarter. Deutsche Bank AG now owns 20,964,736 shares of the company's stock worth $913,853,000 after buying an additional 595,655 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on EXC shares. Truist Financial reduced their target price on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Morgan Stanley cut their price target on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. KeyCorp reduced their price objective on Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings downgraded Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, TD Cowen dropped their target price on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Exelon has a consensus rating of "Hold" and an average price target of $50.07.

Exelon Price Performance

EXC opened at $43.95 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The stock has a market capitalization of $45.37 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.39 and a beta of 0.30. The stock's 50 day moving average price is $45.67 and its 200-day moving average price is $46.56.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. Exelon's payout ratio is presently 61.54%.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company's businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon's operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.

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