Havemeyer Place LP Buys New Position in Exelon Corporation $EXC

Havemeyer Place LP acquired a new position in shares of Exelon Corporation (NASDAQ:EXC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,595 shares of the company’s stock, valued at approximately $549,000.

A number of other hedge funds also recently added to or reduced their stakes in EXC. Norges Bank acquired a new stake in Exelon during the 4th quarter worth approximately $617,974,000. Lazard Asset Management LLC lifted its position 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 acquiring an additional 5,554,494 shares during the period. ANTIPODES PARTNERS Ltd lifted its position in Exelon by 134,604.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock worth $160,137,000 after acquiring an additional 3,554,891 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in Exelon during the 4th quarter worth approximately $119,749,000. Finally, Man Group plc lifted its position in Exelon by 99.4% during the 2nd quarter. Man Group plc now owns 3,034,725 shares of the company’s stock worth $131,768,000 after acquiring an additional 1,512,552 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on EXC shares. Mizuho set a $48.00 price objective on Exelon and gave the stock a “neutral” rating in a research report on Friday, April 17th. KeyCorp decreased their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. UBS Group increased their price objective on Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Scotiabank raised their price target on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Finally, Wall Street Zen raised Exelon from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and an average price target of $50.27.

Exelon Stock Performance

NASDAQ EXC opened at $45.33 on Wednesday. Exelon Corporation has a 1-year low of $42.15 and a 1-year high of $50.65. The company has a market capitalization of $46.38 billion, a P/E ratio of 16.60, a PEG ratio of 2.60 and a beta of 0.31. The business has a 50 day moving average price of $46.39 and a 200 day moving average price of $45.98. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85.

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

Exelon Announces Dividend

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

About Exelon

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.