BI Asset Management Fondsmaeglerselskab A S Has $5.04 Million Position in Exelon Corporation $EXC

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly increased its stake in Exelon Corporation by 174.6%, acquiring an additional 69,530 shares to reach a total of 109,354 shares, with holdings now valued at $5,039,000.
• Exelon's quarterly EPS was reported at $0.39, exceeding analysts' expectations of $0.37, despite a slight decline in revenue comparison to the previous year.
• The company announced a quarterly dividend of $0.40 per share, translating to a 3.6% yield based on an annualized dividend of $1.60, with a payout ratio of 60.84%.

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 174.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,354 shares of the company's stock after purchasing an additional 69,530 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Exelon were worth $5,039,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXC. Ameriflex Group Inc. bought a new stake in shares of Exelon during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. raised its position in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Exelon during the first quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon during the first quarter worth $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Exelon during the first quarter worth $50,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

Shares of EXC traded down $0.28 during mid-day trading on Tuesday, reaching $44.33. The company's stock had a trading volume of 1,091,841 shares, compared to its average volume of 7,262,620. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The stock has a market cap of $44.77 billion, a P/E ratio of 16.86, a PEG ratio of 2.64 and a beta of 0.38. The business has a 50-day simple moving average of $43.81 and a two-hundred day simple moving average of $44.16. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXC. Guggenheim upped their price objective on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company upped their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a report on Thursday. UBS Group reiterated a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, BMO Capital Markets upped their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $47.20.

About Exelon

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.