Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 68,800 Shares of Exelon Corporation $EXC

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Exelon Corporation (NASDAQ:EXC) by 17.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 454,368 shares of the company’s stock after buying an additional 68,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Exelon were worth $19,729,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Advisory Alpha LLC grew its position in shares of Exelon by 27.6% in the 2nd quarter. Advisory Alpha LLC now owns 6,857 shares of the company’s stock valued at $298,000 after buying an additional 1,482 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Exelon by 1,287.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 129,627 shares of the company’s stock valued at $5,628,000 after buying an additional 120,283 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Exelon by 3.4% in the 2nd quarter. Bessemer Group Inc. now owns 11,095 shares of the company’s stock valued at $481,000 after buying an additional 370 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Exelon in the 2nd quarter valued at about $452,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Exelon by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 488,469 shares of the company’s stock valued at $21,209,000 after buying an additional 37,945 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.8%

EXC stock opened at $47.70 on Wednesday. The stock’s 50 day simple moving average is $45.10 and its 200 day simple moving average is $44.54. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The company has a market cap of $48.18 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 2.98 and a beta of 0.40.

Exelon (NASDAQ:EXC) last posted 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the business earned $0.47 EPS. The firm’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. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on EXC. Barclays upped their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. BTIG Research initiated coverage on Exelon in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. UBS Group boosted 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 boosted their price objective on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Finally, Evercore ISI initiated coverage on Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.55.

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.