Caisse DE Depot ET Placement DU Quebec Purchases Shares of 242,000 Exelon Corporation $EXC

Caisse DE Depot ET Placement DU Quebec purchased a new stake in Exelon Corporation (NASDAQ:EXC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 242,000 shares of the company’s stock, valued at approximately $11,151,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock valued at $5,894,417,000 after purchasing an additional 581,686 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Exelon by 2.7% during the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company’s stock worth $928,277,000 after acquiring an additional 653,627 shares during the last quarter. Deutsche Bank AG grew its position in shares of Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after acquiring an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Exelon by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after acquiring an additional 106,917 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Exelon by 0.6% during the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after acquiring an additional 83,518 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXC. Guggenheim raised their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. UBS Group restated a “neutral” rating and set a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. 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 research report on Wednesday, July 16th. Evercore ISI raised their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.20.

Exelon Price Performance

Exelon stock opened at $44.39 on Thursday. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business has a fifty day moving average of $43.89 and a two-hundred day moving average of $44.16. The company has a market cap of $44.83 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned $0.47 earnings per share. Exelon’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. As a group, analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. 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 3.6%. Exelon’s dividend payout ratio (DPR) is 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.