Liontrust Investment Partners LLP Has $2.81 Million Stock Position in Exelon Corporation $EXC

Liontrust Investment Partners LLP lessened its stake in Exelon Corporation (NASDAQ:EXC) by 26.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 64,666 shares of the company’s stock after selling 22,801 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Exelon were worth $2,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in Exelon during the 2nd quarter worth about $589,122,000. ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Exelon by 192.7% during the first 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 in the last quarter. Canada Pension Plan Investment Board raised its position in Exelon by 164.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after buying an additional 3,476,942 shares during the last quarter. AQR Capital Management LLC lifted 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 valued at $143,163,000 after acquiring an additional 2,603,959 shares in the last quarter. Finally, Electron Capital Partners LLC acquired a new position in Exelon during the 1st quarter worth approximately $117,274,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Exelon from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective for the company. BTIG Research started coverage on Exelon in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Finally, TD Cowen started coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.92.

Exelon Stock Performance

Shares of EXC opened at $43.57 on Monday. The company has a market cap of $44.02 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.68 and a beta of 0.45. The firm has a 50-day moving average of $46.14 and a 200-day moving average of $44.56. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last issued its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s payout ratio is presently 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.