Havemeyer Place LP Makes New Investment in Exelon Corporation $EXC

Havemeyer Place LP purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,595 shares of the company’s stock, valued at approximately $549,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Exelon by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after purchasing an additional 595,555 shares during the period. Lazard Asset Management LLC increased its holdings in Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after purchasing an additional 5,554,494 shares during the period. Wellington Management Group LLP increased its holdings in Exelon by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock worth $840,043,000 after purchasing an additional 393,917 shares during the period. Invesco Ltd. increased its holdings in Exelon by 5.6% during the 3rd quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock worth $704,825,000 after purchasing an additional 833,171 shares during the period. Finally, Norges Bank purchased a new stake in Exelon during the 4th quarter worth about $617,974,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent analyst reports. Mizuho set a $48.00 price objective on Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. JPMorgan Chase & Co. increased their price objective on Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Citigroup initiated coverage on Exelon in a report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 20th. Finally, Wall Street Zen upgraded Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and an average target price of $50.27.

Exelon Trading Up 1.2%

EXC opened at $45.33 on Wednesday. The company has a market cap of $46.38 billion, a P/E ratio of 16.60, a PEG ratio of 2.60 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. Exelon Corporation has a one year low of $42.15 and a one year high of $50.65. The business’s 50-day simple moving average is $46.39 and its 200-day simple moving average is $45.98.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio is 61.54%.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.