Hudson Bay Capital Management LP Sells 237,224 Shares of Exelon Corporation $EXC

Hudson Bay Capital Management LP reduced its position in Exelon Corporation (NASDAQ:EXC) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,008 shares of the company’s stock after selling 237,224 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Exelon were worth $13,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Exelon by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,522,986 shares of the company’s stock valued at $5,874,840,000 after purchasing an additional 530,935 shares during the period. State Street Corp lifted its position in shares of Exelon by 4.0% in the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock worth $2,782,260,000 after purchasing an additional 2,491,064 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Exelon by 32.9% during the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after purchasing an additional 5,554,494 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Exelon by 2.2% during the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after purchasing an additional 393,917 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Exelon by 5.6% during the third quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock valued at $704,825,000 after buying an additional 833,171 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 2.5%

NASDAQ EXC opened at $48.01 on Friday. Exelon Corporation has a 52 week low of $41.71 and a 52 week high of $50.65. The company has a 50 day moving average price of $46.59 and a 200 day moving average price of $45.56. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The firm has a market cap of $49.11 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.86 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 for the quarter, beating the consensus estimate of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a dividend of $0.42 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. This represents a $1.68 annualized dividend and a yield of 3.5%. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Mizuho increased their target price on Exelon from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Wells Fargo & Company lifted their price target on Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wolfe Research lowered Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Finally, UBS Group upped their price objective on Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.93.

Exelon Company 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.