Kayne Anderson Capital Advisors LP Decreases Stake in Exelon Corporation $EXC

Kayne Anderson Capital Advisors LP cut its stake in shares of Exelon Corporation (NASDAQ:EXC) by 13.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 175,249 shares of the company’s stock after selling 26,775 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Exelon were worth $7,888,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Magellan Asset Management Ltd raised its holdings in Exelon by 10.0% in the third quarter. Magellan Asset Management Ltd now owns 835,097 shares of the company’s stock valued at $37,588,000 after acquiring an additional 75,960 shares in the last quarter. First Heartland Consultants Inc. increased its position in shares of Exelon by 10.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 8,822 shares of the company’s stock valued at $397,000 after purchasing an additional 839 shares during the last quarter. Mufg Securities Americas Inc. increased its position in shares of Exelon by 21.7% in the 3rd quarter. Mufg Securities Americas Inc. now owns 27,236 shares of the company’s stock valued at $1,226,000 after purchasing an additional 4,862 shares during the last quarter. Baldwin Investment Management LLC acquired a new stake in shares of Exelon in the 3rd quarter valued at $290,000. Finally, AXQ Capital LP purchased a new stake in shares of Exelon during the 3rd quarter worth $580,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of EXC stock opened at $48.59 on Wednesday. The stock’s 50-day moving average is $44.73 and its two-hundred day moving average is $45.02. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $49.11. The firm has a market cap of $49.70 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.81 and a beta of 0.45.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s dividend payout ratio is presently 58.61%.

Analysts Set New Price Targets

Several equities analysts recently commented on EXC shares. KeyCorp set a $39.00 target price on Exelon in a report on Friday, December 12th. BMO Capital Markets lifted their price target on Exelon from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. UBS Group increased their price objective on Exelon from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday. Mizuho raised their target price on Exelon from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on Exelon from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.14.

Exelon 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.