Exelon Corporation $EXC Stake Decreased by Kayne Anderson Capital Advisors LP

by · The Markets Daily

Kayne Anderson Capital Advisors LP reduced its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 23.7% during the 2nd quarter, Holdings Channel reports. The fund owned 202,024 shares of the company’s stock after selling 62,858 shares during the quarter. Exelon comprises 0.2% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 27th largest holding. Kayne Anderson Capital Advisors LP’s holdings in Exelon were worth $8,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of EXC. Larson Financial Group LLC increased its stake in Exelon by 38.1% during the 1st quarter. Larson Financial Group LLC now owns 2,264 shares of the company’s stock valued at $104,000 after buying an additional 625 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of Exelon in the 1st quarter worth $430,000. Private Advisor Group LLC lifted its holdings in shares of 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 buying an additional 9,179 shares during the period. Kestra Private Wealth Services LLC boosted its stake in Exelon by 8.6% during the first quarter. Kestra Private Wealth Services LLC now owns 15,007 shares of the company’s stock valued at $692,000 after buying an additional 1,189 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in Exelon in the 1st quarter valued at about $268,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 1.4%

Exelon stock opened at $46.60 on Tuesday. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a market cap of $47.08 billion, a PE ratio of 17.72, a P/E/G ratio of 2.93 and a beta of 0.44. The firm’s 50 day moving average price is $45.70 and its two-hundred day moving average price is $44.47.

Exelon (NASDAQ:EXC – Get Free Report) last posted its quarterly 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. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

Wall Street Analyst Weigh In

Several analysts recently commented on EXC shares. Barclays increased their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Evercore ISI initiated coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. Morgan Stanley raised their price objective on shares of Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. BTIG Research initiated coverage on shares of Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, UBS Group increased their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Exelon has an average rating of “Moderate Buy” and an average price target of $50.55.

Get Our Latest Analysis on Exelon

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.

See Also

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