Mirae Asset Global Investments Co. Ltd. Has $16.41 Million Stock Position in Exelon Corporation $EXC

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 377,926 shares of the company’s stock after purchasing an additional 32,836 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Exelon were worth $16,410,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. J. Safra Sarasin Holding AG acquired a new stake in shares of Exelon during the 2nd quarter worth $2,350,000. ASR Vermogensbeheer N.V. boosted its stake in Exelon by 21.9% in the second quarter. ASR Vermogensbeheer N.V. now owns 204,691 shares of the company’s stock valued at $8,887,000 after buying an additional 36,832 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Exelon by 43.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,263,782 shares of the company’s stock valued at $98,293,000 after acquiring an additional 683,858 shares during the last quarter. USA Financial Formulas grew its position in Exelon by 78.1% in the second quarter. USA Financial Formulas now owns 58,460 shares of the company’s stock valued at $2,538,000 after acquiring an additional 25,639 shares during the last quarter. Finally, LBP AM SA raised its stake in Exelon by 17.3% during the second quarter. LBP AM SA now owns 157,274 shares of the company’s stock worth $6,829,000 after acquiring an additional 23,169 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock 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 market capitalization of $45.79 billion, a PE ratio of 17.24, a P/E/G ratio of 2.66 and a beta of 0.40. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. The stock has a 50-day moving average price of $44.18 and a two-hundred day moving average price of $44.23.

Exelon (NASDAQ:EXC) last posted its 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio (DPR) is 60.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EXC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research note on Saturday, September 27th. Morgan Stanley reduced their price target on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. UBS Group restated a “neutral” rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.44.

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.