Exelon Corporation $EXC Stock Position Increased by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH increased its stake in Exelon Corporation by 27.6%, now holding 199,371 shares valued at approximately $8.99 million.
• Exelon reported earnings of $0.39 per share, exceeding estimates, alongside a revenue of $5.43 billion, which was slightly below expectations of $5.47 billion.
• The company announced a quarterly dividend of $0.40, representing an annualized yield of 3.6%, with a current payout ratio of 60.84%.

Erste Asset Management GmbH lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,371 shares of the company's stock after acquiring an additional 43,078 shares during the quarter. Erste Asset Management GmbH's holdings in Exelon were worth $8,992,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock worth $5,894,417,000 after purchasing an additional 581,686 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after purchasing an additional 653,627 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock worth $879,092,000 after purchasing an additional 1,988,212 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock worth $729,777,000 after purchasing an additional 106,917 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

Shares of EXC traded up $0.32 during midday trading on Friday, reaching $44.96. The stock had a trading volume of 3,729,983 shares, compared to its average volume of 6,286,346. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm's 50 day moving average price is $43.77 and its 200-day moving average price is $44.12. The company has a market capitalization of $45.41 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.64 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS 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 the consensus estimate of $5.47 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The company'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. On average, analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXC. Guggenheim raised their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. 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. Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, KeyCorp cut their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.20.

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.