ASR Vermogensbeheer N.V. Purchases 36,832 Shares of Exelon Corporation $EXC

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Exelon Corporation by 21.9%, acquiring an additional 36,832 shares during the 2nd quarter, bringing its total ownership to 204,691 shares valued at $8.89 million.
• Exelon reported $0.39 earnings per share for the last quarter, exceeding estimates, but had a revenue of $5.43 billion, which fell slightly short of analyst expectations.
• The company has announced a quarterly dividend of $0.40, translating to an annual yield of 3.6%, with a current dividend payout ratio of 60.84%.

ASR Vermogensbeheer N.V. lifted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 21.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,691 shares of the company's stock after acquiring an additional 36,832 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Exelon were worth $8,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after purchasing an additional 581,686 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Exelon by 11.6% in the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after buying an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Exelon by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock valued at $729,777,000 after buying an additional 106,917 shares during the last quarter. Invesco Ltd. lifted its position in Exelon by 0.6% during the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after buying an additional 83,518 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Exelon by 11.8% during the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company's stock worth $577,470,000 after buying an additional 1,319,637 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

EXC opened at $44.97 on Friday. The company has a fifty day moving average price of $44.15 and a two-hundred day moving average price of $44.23. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The firm has a market capitalization of $45.42 billion, a PE ratio of 17.10, a P/E/G ratio of 2.64 and a beta of 0.40.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon's dividend payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXC. Morgan Stanley dropped their target price on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. UBS Group reissued a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $47.44.

Exelon 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.

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