Exelon Corporation $EXC Stock Position Increased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC raised its position in shares of Exelon Corporation (NASDAQ:EXC) by 214.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,733 shares of the company’s stock after purchasing an additional 71,476 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Exelon were worth $4,548,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Exelon during the second quarter worth about $589,122,000. 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. Canada Pension Plan Investment Board grew its stake in shares of Exelon by 164.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock worth $242,875,000 after purchasing an additional 3,476,942 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of 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 purchasing an additional 2,603,959 shares in the last quarter. Finally, Electron Capital Partners LLC acquired a new stake in Exelon during the first quarter valued at approximately $117,274,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of several recent research reports. BTIG Research began coverage on shares of Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen started coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target for the company. Finally, KeyCorp set a $39.00 price objective on Exelon in a report on Friday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $49.92.

Exelon Stock Up 1.1%

NASDAQ:EXC opened at $43.57 on Friday. The business’s fifty day moving average price is $46.14 and its 200 day moving average price is $44.55. The firm has a market capitalization of $44.02 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.65 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon had a return on equity of 10.28% and a net margin of 11.60%.Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 10th. Exelon’s dividend payout ratio is currently 57.35%.

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.