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

Greenland Capital Management LP increased its holdings in Exelon Corporation (NASDAQ:EXC) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,915 shares of the company’s stock after buying an additional 19,397 shares during the period. Exelon accounts for 0.9% of Greenland Capital Management LP’s holdings, making the stock its 20th largest position. Greenland Capital Management LP’s holdings in Exelon were worth $9,071,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EXC. Private Advisor Group LLC raised its stake in Exelon by 14.2% in the first quarter. Private Advisor Group LLC now owns 73,740 shares of the company’s stock valued at $3,398,000 after purchasing an additional 9,179 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Exelon by 8.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 15,007 shares of the company’s stock worth $692,000 after acquiring an additional 1,189 shares during the period. IFP Advisors Inc boosted its position in shares of Exelon by 15.3% during the 1st quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $189,000 after acquiring an additional 544 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Exelon by 607.5% in the first quarter. J.W. Cole Advisors Inc. now owns 58,815 shares of the company’s stock valued at $2,710,000 after acquiring an additional 50,502 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Exelon by 4.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 77,739 shares of the company’s stock worth $3,582,000 after purchasing an additional 3,660 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $46.38 on Wednesday. The business has a 50 day moving average of $45.77 and a 200-day moving average of $44.47. The company has a market capitalization of $46.86 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. 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 (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 dividend yield of 3.4%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research report on Friday, October 31st. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. KeyCorp increased their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 15th. TD Cowen started coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective for the company. Finally, Barclays raised their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.55.

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.