3 Stocks To Buy According To Zach Schreiber’s PointState Capital

In this article, we discuss 3 stocks to buy according to Zach Schreiber’s PointState Capital. If you want our detailed analysis of Zach Schreiber’s history, investment philosophy, and hedge fund performance, go directly to 6 Stocks To Buy According To Zach Schreiber’s PointState Capital. 

3. Exelon Corporation (NASDAQ:EXC)

PointState Capital’s Stake Value: $80,189,000

Percentage of PointState Capital’s 13F Portfolio: 1.33%

Number of Hedge Fund Holders: 36

Exelon Corporation (NASDAQ:EXC) is a Fortune 100 Company and is one of the leading American energy providers. Exelon Corporation (NASDAQ:EXC) is an end-to-end energy corporation, offering power generation, energy sales, transmission, and delivery. The company possesses more than 31,000 megawatts of nuclear, gas, wind, solar, and hydroelectric generating capacity. Exelon Corporation (NASDAQ:EXC) is one of the cleanest and most cost-effective power energy providers.

PointState Capital owns 1.65 million shares of Exelon Corporation (NASDAQ:EXC) as of September 2021, valued at $80.1 million, making up 1.33% of the firm’s 13F portfolio. 

At the end of September, 36 hedge funds reported owning stakes in Exelon Corporation (NASDAQ:EXC), up from 35 in the previous quarter. 

On October 29, Exelon Corporation (NASDAQ:EXC) announced a quarterly dividend of $0.3825 per share, with a forward yield of 2.88%. This dividend was paid on December 10, to shareholders on record as of November 15. 

Here is what Heartland Advisors has to say about Exelon Corporation (NASDAQ:EXC) in its Q3 2021 investor letter:

“Power aid. A renewed interest in less-volatile industries and income-generating businesses helped propel less volatile names in areas such as Utilities. Our holdings in the sector were up modestly during the period and outperformed the benchmark on a relative basis, led by Exelon Corp (EXC).

The company is a large multi-state utility with regulated as well as unregulated operations. Following a strategic review, Exelon announced a plan this year to separate the two businesses. Since the time of the announcement, investors have gotten a clearer view into prospects of both operations and have seen improvements in results, and shares have appreciated. The decision and recent improvements, in our view, set the stage for a further re-rating of the company…” (Click here to see the full text)