Greenland Capital Management LP Purchases 19,397 Shares of Exelon Corporation $EXC

Greenland Capital Management LP increased its position in shares of Exelon Corporation (NASDAQ:EXC) by 10.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 208,915 shares of the company’s stock after buying an additional 19,397 shares during the period. Exelon makes up 0.9% of Greenland Capital Management LP’s holdings, making the stock its 20th biggest holding. Greenland Capital Management LP’s holdings in Exelon were worth $9,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of Exelon in the 1st quarter worth about $285,428,000. ATLAS Infrastructure Partners UK Ltd. boosted its position in shares of Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock valued at $267,060,000 after purchasing an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC grew its stake in Exelon by 506.9% during the first quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after purchasing an additional 2,603,959 shares during the period. Electron Capital Partners LLC bought a new stake in Exelon in the first quarter worth approximately $117,274,000. Finally, GQG Partners LLC acquired a new position in Exelon in the first quarter valued at approximately $112,832,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 0.5%

NASDAQ:EXC opened at $46.38 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company has a market cap of $46.86 billion, a PE ratio of 17.64, a PEG ratio of 2.93 and a beta of 0.44. The firm has a 50-day moving average of $45.77 and a 200-day moving average of $44.47.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities research analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is presently 57.35%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent analyst reports. Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a research report on Wednesday, October 15th. Morgan Stanley lifted their price target on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. BTIG Research began coverage on shares of Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Barclays raised their target price on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, UBS Group upped their price target on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.55.

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.