Exelon Corporation $EXC Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in Exelon Corporation by 1,757.4% during the first quarter, now owning 513,997 shares valued at $23.7 million.
• Exelon recently posted earnings of $0.39 per share for the last quarter, exceeding analysts' expectations, although revenue was slightly below estimates at $5.43 billion.
• The company also declared a quarterly dividend of $0.40 per share, offering a yield of 3.6%, with a payout ratio of 60.84%.

Trexquant Investment LP raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 1,757.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 513,997 shares of the company's stock after buying an additional 486,324 shares during the period. Trexquant Investment LP owned approximately 0.05% of Exelon worth $23,685,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Ameriflex Group Inc. purchased a new stake in shares of Exelon in the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in Exelon in the 1st quarter valued at about $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon in the 1st quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Exelon in the first quarter worth approximately $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. KeyCorp lowered their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Price Performance

Shares of EXC traded down $0.37 during trading hours on Tuesday, reaching $43.32. 1,439,357 shares of the company's stock traded hands, compared to its average volume of 7,239,928. The stock has a market cap of $43.75 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41. 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 12 month low of $35.94 and a 12 month high of $48.11. The firm's 50 day simple moving average is $43.95 and its 200-day simple moving average is $44.21.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results 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 company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company 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 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 dividend payout ratio is presently 60.84%.

About Exelon

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.