Exelon Corporation $EXC Stake Boosted by Swedbank AB

Key Points

• Swedbank AB recently increased its stake in Exelon Corporation by 1.3%, holding 2,780,404 shares valued at approximately $128.1 million.
• Exelon reported a quarterly earnings per share of $0.39, exceeding estimates, with revenue reaching $5.43 billion, although slightly below forecasts.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annual yield of 3.7%, with a payout ratio of 60.84%.

Swedbank AB boosted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,780,404 shares of the company's stock after acquiring an additional 36,046 shares during the quarter. Swedbank AB owned 0.28% of Exelon worth $128,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in shares of Exelon in the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. raised its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in Exelon during the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Exelon during the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Exelon during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Down 1.6%

Shares of EXC traded down $0.70 during trading on Tuesday, reaching $42.73. The company's stock had a trading volume of 6,252,261 shares, compared to its average volume of 7,138,058. The company has a market cap of $43.16 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 2.54 and a beta of 0.41. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a fifty day moving average of $44.01 and a two-hundred day moving average of $44.20. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion during 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%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXC. UBS Group reissued a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. Finally, KeyCorp reduced their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Exelon presently has a consensus 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.