Danske Bank A S Takes Position in Exelon Corporation $EXC

Key Points

• Danske Bank A/S acquired 1.25 million Exelon shares worth approximately $58.2 million in the second quarter, while institutional investors collectively own 80.92% of the utility company.
• Analysts maintain a generally cautious outlook, with Exelon receiving an average rating of “Hold” and an average price target of $50.20; several firms recently lowered their targets.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but narrowly missed earnings expectations with EPS of $0.43. The company declared a quarterly dividend of $0.42, implying a 3.7% annualized yield.

Danske Bank A S acquired a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,248,743 shares of the company's stock, valued at approximately $58,216,000. Danske Bank A S owned approximately 0.12% of Exelon as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Exelon in the 2nd quarter valued at approximately $5,583,709,000. Capital International Investors purchased a new stake in shares of Exelon during the fourth quarter worth $738,333,000. Norges Bank purchased a new stake in shares of Exelon during the fourth quarter worth $617,974,000. Bank of New York Mellon Corp acquired a new stake in shares of Exelon in the second quarter valued at $580,842,000. Finally, Deutsche Bank AG acquired a new stake in shares of Exelon in the second quarter valued at $567,510,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on EXC. KeyCorp lowered their target price on Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research note on Wednesday, May 13th. Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Morgan Stanley decreased their price objective on Exelon from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 21st. Wells Fargo & Company set a $50.00 price objective on Exelon in a research report on Tuesday, April 21st. Finally, TD Cowen lowered their price objective on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Exelon presently has an average rating of "Hold" and an average price target of $50.20.

Exelon Price Performance

Exelon stock opened at $45.31 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a fifty day simple moving average of $46.32 and a 200-day simple moving average of $46.70. The stock has a market cap of $46.77 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31. Exelon Corporation has a 12-month low of $42.58 and a 12-month high of $50.65.

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 the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. During the same period last year, the company earned $0.39 EPS. The business'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. Equities analysts expect that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon's dividend payout ratio is presently 61.54%.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company's businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon's operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.

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