AMF Tjanstepension AB Has $33.36 Million Position in Exelon Corporation (NASDAQ:EXC)

Key Points

• AMF Tjanstepension AB lowered its stake in Exelon Corporation by 3.7%, holding approximately $33.36 million worth of shares after selling 28,063 shares.
• The company's latest earnings report indicated earnings per share of $0.39, surpassing expectations, though revenue slightly missed forecasts at $5.43 billion.
• Exelon recently announced a quarterly dividend of $0.40 per share, resulting in a 3.5% dividend yield based on a payout ratio of approximately 60.84%.

AMF Tjanstepension AB lessened its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 723,352 shares of the company's stock after selling 28,063 shares during the quarter. AMF Tjanstepension AB owned approximately 0.07% of Exelon worth $33,356,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EXC. Federated Hermes Inc. raised its holdings in Exelon by 30.2% in the 4th quarter. Federated Hermes Inc. now owns 31,183 shares of the company's stock valued at $1,174,000 after buying an additional 7,242 shares during the last quarter. Cerity Partners LLC raised its holdings in Exelon by 23.0% in the 4th quarter. Cerity Partners LLC now owns 422,959 shares of the company's stock valued at $16,020,000 after buying an additional 79,009 shares during the last quarter. FIL Ltd bought a new position in Exelon in the 4th quarter valued at approximately $65,155,000. Raymond James Financial Inc. bought a new position in Exelon in the 4th quarter valued at approximately $24,283,000. Finally, Redwood Park Advisors LLC bought a new position in Exelon during the 4th quarter worth approximately $44,000. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXC shares. Wells Fargo & Company raised their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. UBS Group restated a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. KeyCorp lowered their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a report on Wednesday, July 16th. BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Trading Down 0.5%

Shares of EXC stock traded down $0.22 during trading hours on Friday, hitting $45.32. 3,803,099 shares of the company were exchanged, compared to its average volume of 6,082,460. The firm has a market cap of $45.77 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.66 and a beta of 0.38. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. 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 company has a 50 day simple moving average of $43.44 and a two-hundred day simple moving average of $43.80.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Exelon's dividend payout ratio (DPR) is 60.84%.

Exelon Company Profile

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.