Nordea Investment Management AB Has $298.67 Million Stake in Exelon Corporation $EXC

Nordea Investment Management AB increased its position in Exelon Corporation (NASDAQ:EXC) by 11.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,944,168 shares of the company’s stock after buying an additional 724,957 shares during the quarter. Nordea Investment Management AB’s holdings in Exelon were worth $298,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC increased its stake in shares of Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after buying an additional 335 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in shares of Exelon in the first quarter valued at approximately $34,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Exelon in the second quarter valued at approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Exelon in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Exelon in a research note on Wednesday, October 8th. UBS Group upped their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. KeyCorp increased their target price on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research report on Wednesday. Morgan Stanley decreased their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Barclays increased their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $50.00.

Exelon Price Performance

Exelon stock opened at $47.36 on Friday. The stock has a market capitalization of $47.83 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.97 and a beta of 0.40. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock’s 50 day moving average price is $44.58 and its two-hundred day moving average price is $44.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $5.43 billion for 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%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio 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.