Hudson Bay Capital Management LP Decreases Stock Holdings in Exelon Corporation $EXC

by · The Cerbat Gem

Hudson Bay Capital Management LP lowered its position in Exelon Corporation (NASDAQ:EXC – Free Report) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 530,232 shares of the company’s stock after selling 83,522 shares during the period. Hudson Bay Capital Management LP owned approximately 0.05% of Exelon worth $23,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC grew its holdings in Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock worth $29,000 after purchasing an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Exelon in the 2nd quarter worth $29,000. CoreFirst Bank & Trust purchased a new position in Exelon during the 2nd quarter worth $38,000. Investment Research & Advisory Group Inc. acquired a new position in Exelon during the 2nd quarter valued at about $39,000. Finally, Sound Income Strategies LLC raised its stake in Exelon by 213.7% in the second quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after buying an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXC. BTIG Research began coverage on Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. TD Cowen initiated coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. KeyCorp set a $39.00 price target on shares of Exelon in a research note on Friday. Barclays lifted their price objective on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley reissued an “underperform” rating and issued a $52.00 target price on shares of Exelon in a research report on Thursday, November 20th. One 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, Exelon presently has a consensus rating of “Hold” and a consensus target price of $49.92.

Get Our Latest Report on Exelon

Exelon Trading Up 1.1%

NASDAQ EXC opened at $43.57 on Friday. 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 0.94 and a quick ratio of 0.85. The company has a market capitalization of $44.02 billion, a PE ratio of 15.62, a P/E/G ratio of 2.68 and a beta of 0.45. The company has a fifty day moving average of $46.14 and a 200 day moving average of $44.56.

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

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Exelon Profile

(Free Report)

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.

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