Exelon Corporation $EXC Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in shares of Exelon Corporation (NASDAQ:EXC) by 4.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 993,544 shares of the company’s stock after acquiring an additional 45,000 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.10% of Exelon worth $43,140,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EXC. Procyon Advisors LLC purchased a new stake in Exelon in the first quarter valued at approximately $230,000. Gateway Investment Advisers LLC acquired a new stake in Exelon during the 1st quarter valued at approximately $217,000. Sivia Capital Partners LLC acquired a new stake in Exelon during the 1st quarter valued at approximately $204,000. Miracle Mile Advisors LLC purchased a new stake in shares of Exelon in the 1st quarter valued at $204,000. Finally, Park Avenue Securities LLC increased its stake in shares of Exelon by 47.9% in the first quarter. Park Avenue Securities LLC now owns 29,059 shares of the company’s stock worth $1,339,000 after acquiring an additional 9,405 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.8%

EXC stock opened at $45.69 on Tuesday. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a market cap of $46.15 billion, a P/E ratio of 17.37, a PEG ratio of 2.66 and a beta of 0.40. The company’s 50-day simple moving average is $44.23 and its 200-day simple moving average is $44.24.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s payout ratio is presently 60.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXC shares. KeyCorp reduced their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Wednesday, July 16th. Evercore ISI set a $57.00 price objective on Exelon and gave the company an “outperform” rating in a research note on Monday. UBS Group reissued a “neutral” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a report on Saturday, September 27th. Finally, Morgan Stanley reduced their price target on Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exelon currently has an average rating of “Hold” and a consensus price target of $48.11.

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.