Korea Investment CORP Makes New Investment in Exelon Corporation $EXC

Key Points

• Korea Investment Corp acquired 580,114 Exelon shares worth approximately $27.0 million during the second quarter, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 80.92% of Exelon.
• Exelon shares opened at $43.78, down 2.8%, near the company’s 52-week low. The utility reported quarterly revenue of $5.97 billion, up 10% year over year, but earnings of $0.43 per share narrowly missed estimates.
• Exelon declared a quarterly dividend of $0.42 per share, equivalent to an annualized $1.68 payout and a 3.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $50.07.

Korea Investment CORP acquired a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 580,114 shares of the company's stock, valued at approximately $27,045,000. Korea Investment CORP owned about 0.06% of Exelon at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. ASR Vermogensbeheer N.V. lifted its stake in Exelon by 28.4% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company's stock worth $11,867,000 after purchasing an additional 60,250 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Exelon by 133.9% in the second quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company's stock valued at $23,569,000 after purchasing an additional 289,436 shares during the last quarter. Ethic Inc. raised its holdings in Exelon by 7.6% during the fourth quarter. Ethic Inc. now owns 334,268 shares of the company's stock worth $14,571,000 after purchasing an additional 23,567 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Exelon by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,237,676 shares of the company's stock worth $53,950,000 after buying an additional 37,672 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of Exelon during the 4th quarter worth approximately $2,021,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Down 2.8%

Shares of Exelon stock opened at $43.78 on Friday. The firm has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company's 50-day simple moving average is $46.25 and its 200-day simple moving average is $46.68. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $5.44 billion. During the same period last year, the business posted $0.39 EPS. Exelon's 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. As a group, equities research analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's dividend payout ratio (DPR) is presently 61.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXC shares. Weiss Ratings lowered shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Truist Financial dropped their price objective on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Morgan Stanley reduced their target price on Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Friday. TD Cowen decreased their target price on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, May 15th. Finally, KeyCorp dropped their price target on Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of "Hold" and a consensus target price of $50.07.

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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