Zurich Insurance Group Ltd FI Invests $47.79 Million in Exelon Corporation $EXC

Key Points

• Zurich Insurance Group Ltd FI has acquired 1,037,096 shares of Exelon Corporation, totaling approximately $47.79 million, representing 0.10% of the company's stock.
• Exelon reported $0.39 earnings per share (EPS) for Q2, exceeding estimates, with a revenue of $5.43 billion, slightly below analyst expectations.
• The company announced a quarterly dividend of $0.40 per share, set to be paid on September 15th, reflecting a 3.7% yield based on an annualized dividend of $1.60.

Zurich Insurance Group Ltd FI bought a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,037,096 shares of the company's stock, valued at approximately $47,789,000. Zurich Insurance Group Ltd FI owned 0.10% of Exelon at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Algert Global LLC acquired a new position in shares of Exelon in the fourth quarter worth about $489,000. Captrust Financial Advisors boosted its holdings in shares of Exelon by 8.4% in the fourth quarter. Captrust Financial Advisors now owns 49,951 shares of the company's stock worth $1,880,000 after buying an additional 3,870 shares during the period. Cetera Investment Advisers lifted its position in shares of Exelon by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 238,312 shares of the company's stock worth $8,970,000 after purchasing an additional 6,783 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Exelon by 35.6% in the fourth quarter. CoreCap Advisors LLC now owns 4,003 shares of the company's stock worth $151,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Exelon by 35.2% in the fourth quarter. Focus Partners Wealth now owns 39,597 shares of the company's stock worth $1,523,000 after purchasing an additional 10,302 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXC has been the subject of a number of research analyst reports. UBS Group reissued a "neutral" rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research report on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Stock Down 0.3%

EXC traded down $0.12 during midday trading on Friday, hitting $43.38. 4,244,939 shares of the company's stock traded hands, compared to its average volume of 5,000,918. The company has a market cap of $43.81 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.41. The stock's fifty day simple moving average is $44.00 and its 200-day simple moving average is $44.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a one year low of $35.94 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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 paid a $0.40 dividend. The ex-dividend date is 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%.

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.