J. Safra Sarasin Holding AG Buys Shares of 54,128 Exelon Corporation $EXC

J. Safra Sarasin Holding AG purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 54,128 shares of the company’s stock, valued at approximately $2,350,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Exelon by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after acquiring an additional 581,686 shares during the period. Deutsche Bank AG boosted its holdings in Exelon by 11.6% during the first quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock worth $879,092,000 after buying an additional 1,988,212 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Exelon by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock valued at $729,777,000 after purchasing an additional 106,917 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Exelon by 0.6% in the first quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock valued at $636,008,000 after buying an additional 83,518 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Exelon by 11.8% during the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after buying an additional 1,319,637 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $45.34 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $44.18 and a 200-day moving average price of $44.23. The company has a market cap of $45.79 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. 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 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Exelon’s dividend payout ratio is presently 60.84%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. KeyCorp cut their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Exelon in a research report on Saturday, September 27th. UBS Group reiterated a “neutral” rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, Morgan Stanley lowered their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.44.

Exelon 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.