Andra AP fonden Raises Stock Holdings in Exelon Corporation $EXC

Key Points

• Andra AP fonden increased its Exelon stake by 624% in the second quarter, bringing its holdings to 44,090 shares valued at approximately $2.1 million. Institutional investors collectively own 80.92% of Exelon.
• Analyst sentiment remains cautious, with 13 Hold ratings, five Buys, and one Sell; the consensus rating is Hold with a price target of $49.81.
• Exelon reported quarterly revenue growth of 10% to $5.97 billion, though EPS of $0.43 slightly missed estimates. The company pays a $0.42 quarterly dividend, equivalent to a 4.1% yield.

Andra AP fonden raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 624.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,090 shares of the company's stock after purchasing an additional 38,000 shares during the period. Andra AP fonden's holdings in Exelon were worth $2,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc lifted its holdings in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock valued at $26,000 after purchasing an additional 287 shares in the last quarter. Axiom Investment Management LLC acquired a new position in shares of Exelon during the 1st quarter worth about $27,000. Eastern Bank acquired a new position in shares of Exelon during the 2nd quarter worth about $26,000. SHP Wealth Management purchased a new position in Exelon in the 4th quarter valued at about $26,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Exelon by 440.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 594 shares of the company's stock worth $28,000 after buying an additional 484 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXC has been the subject of several research reports. Truist Financial cut their price objective on Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. Weiss Ratings downgraded Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Morgan Stanley lowered their price target on Exelon from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Friday, September 18th. Finally, Argus dropped their price target on Exelon from $52.00 to $49.00 and set a "buy" rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Exelon has an average rating of "Hold" and a consensus price target of $49.81.

Exelon Stock Performance

Exelon stock opened at $40.69 on Thursday. The firm has a 50 day simple moving average of $44.67 and a 200-day simple moving average of $46.08. Exelon Corporation has a 1-year low of $40.62 and a 1-year high of $50.65. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market cap of $42.00 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.30.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the company earned $0.39 EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. Exelon's dividend payout ratio (DPR) is presently 61.54%.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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