Exelon Corporation (NASDAQ:EXC) Holdings Raised by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Exelon Corporation by 309.4%, acquiring 385,568 shares worth approximately $17.77 million.
• Exelon reported a quarterly earnings per share (EPS) of $0.39, exceeding analyst expectations of $0.37, with revenues slightly lower than projected at $5.43 billion.
• The company will pay a quarterly dividend of $0.40 per share on September 15, representing an annualized dividend yield of 3.5%.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 309.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,568 shares of the company's stock after purchasing an additional 291,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Exelon were worth $17,767,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after buying an additional 7,483,873 shares during the period. Nuveen LLC acquired a new position in Exelon during the first quarter valued at $285,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Exelon by 43.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after buying an additional 3,878,687 shares during the period. GQG Partners LLC acquired a new position in Exelon during the first quarter valued at $112,832,000. Finally, Royal Bank of Canada raised its position in Exelon by 125.6% during the fourth quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock valued at $144,489,000 after buying an additional 2,137,439 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $45.23 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a market cap of $45.68 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.62 and a beta of 0.38. The business's 50-day simple moving average is $43.53 and its 200-day simple moving average is $43.88. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 9.85% and a net margin of 11.16%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon's dividend payout ratio is currently 60.84%.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI upped their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. KeyCorp dropped their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.

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