V Square Quantitative Management LLC Boosts Stock Position in Exelon Corporation $EXC

V Square Quantitative Management LLC increased its stake in Exelon Corporation (NASDAQ:EXC) by 5.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,670 shares of the company’s stock after acquiring an additional 1,111 shares during the quarter. V Square Quantitative Management LLC’s holdings in Exelon were worth $984,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EXC. Nuveen LLC purchased a new position in Exelon in the 1st quarter worth about $285,428,000. ATLAS Infrastructure Partners UK Ltd. increased its stake in Exelon by 192.7% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after buying an additional 3,815,722 shares during the period. AQR Capital Management LLC increased its stake in Exelon by 506.9% in the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after buying an additional 2,603,959 shares during the period. Electron Capital Partners LLC purchased a new position in Exelon in the 1st quarter worth about $117,274,000. Finally, GQG Partners LLC purchased a new position in Exelon in the 1st quarter worth about $112,832,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp cut their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Finally, Morgan Stanley cut their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Exelon has a consensus rating of “Hold” and an average target price of $47.44.

Exelon Stock Up 0.4%

Shares of Exelon stock opened at $44.27 on Tuesday. The firm’s 50 day moving average price is $44.09 and its 200-day moving average price is $44.21. 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 Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The company has a market cap of $44.71 billion, a P/E ratio of 16.83, a PEG ratio of 2.59 and a beta of 0.41.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $5.47 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’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. On average, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

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 $0.40 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s payout ratio is presently 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.