Ilmarinen Mutual Pension Insurance Co Has $6.91 Million Position in Exelon Corporation $EXC

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Exelon Corporation by 108.3% during the first quarter, raising its holdings to $6.91 million.
• Several institutional investors have also made significant changes to their positions in Exelon, with institutions collectively owning 80.92% of the company's stock.
• Exelon reported a quarterly earnings per share of $0.39, exceeding analyst expectations, and announced a quarterly dividend of $0.40 to be paid on September 15th.

Ilmarinen Mutual Pension Insurance Co grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 108.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,000 shares of the company's stock after buying an additional 78,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Exelon were worth $6,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Exelon by 0.5% in the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after buying an additional 581,686 shares during the period. Deutsche Bank AG lifted its position in shares of Exelon by 11.6% in the first 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Exelon by 0.7% in the first 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 in the last quarter. Invesco Ltd. lifted its position in shares of Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company's stock worth $636,008,000 after purchasing an additional 83,518 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Exelon by 43.3% in 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 worth $483,525,000 after purchasing an additional 3,878,687 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXC. KeyCorp dropped their price target on shares of 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 reissued a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five equities 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $47.20.

Exelon Trading Up 0.2%

EXC stock opened at $43.09 on Wednesday. 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 company's 50-day simple moving average is $43.99 and its 200 day simple moving average is $44.21. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a market capitalization of $43.52 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.52 and a beta of 0.41.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a $0.40 dividend. 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 3.7%. Exelon's dividend payout ratio is 60.84%.

Exelon Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.