Swedbank AB Acquires 31,890 Shares of Exelon Corporation $EXC

Swedbank AB increased its stake in shares of Exelon Corporation (NASDAQ:EXCFree Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,118,442 shares of the company’s stock after acquiring an additional 31,890 shares during the quarter. Swedbank AB owned approximately 0.30% of Exelon worth $152,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXC. Bell Investment Advisors Inc grew its position in Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after purchasing an additional 287 shares during the period. Motiv8 Investments LLC purchased a new position in Exelon in the fourth quarter worth $25,000. Optima Capital LLC purchased a new position in shares of Exelon in the 4th quarter worth about $25,000. SHP Wealth Management bought a new position in shares of Exelon during the 4th quarter valued at approximately $26,000. Finally, Beacon Financial Strategies CORP bought a new position in Exelon during the fourth quarter valued at $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 2.3%

Exelon stock traded up $1.10 on Tuesday, hitting $48.15. 2,418,871 shares of the stock traded hands, compared to its average volume of 8,641,294. Exelon Corporation has a 1 year low of $42.47 and a 1 year high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The business’s fifty day simple moving average is $45.76 and its 200 day simple moving average is $46.21. The firm has a market cap of $49.26 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, June 4th. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp lowered their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Citigroup initiated coverage on shares of Exelon in a research report on Thursday, March 26th. They issued a “buy” rating and a $58.00 price objective on the stock. Morgan Stanley lowered their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $50.00 in a report on Monday, April 20th. Finally, Weiss Ratings upgraded Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $50.27.

Check Out Our Latest Report on Exelon

Exelon Profile

(Free Report)

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.

See Also

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.