Avanza Fonder AB Grows Position in Exelon Corporation $EXC

Avanza Fonder AB raised its stake in shares of Exelon Corporation (NASDAQ:EXC) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,727 shares of the company’s stock after purchasing an additional 1,306 shares during the period. Avanza Fonder AB’s holdings in Exelon were worth $4,547,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Providence Wealth Advisors LLC boosted its holdings in Exelon by 0.6% in the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock valued at $1,802,000 after acquiring an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. CWM LLC lifted its stake in shares of Exelon by 0.7% in the 1st quarter. CWM LLC now owns 33,775 shares of the company’s stock valued at $1,556,000 after purchasing an additional 226 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after purchasing an additional 230 shares during the period. Finally, Centre Asset Management LLC increased its position in Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company’s stock worth $349,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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 report on Wednesday, July 16th. UBS Group restated a “neutral” rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Exelon in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $47.33.

Exelon Trading Up 0.7%

EXC opened at $43.41 on Monday. The stock has a market capitalization of $43.84 billion, a PE ratio of 16.51, a P/E/G ratio of 2.55 and a beta of 0.41. The firm’s fifty day moving average price is $43.99 and its 200 day moving average price is $44.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.11.

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, beating the consensus estimate 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 net margin of 11.16% and a return on equity of 9.85%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced 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 3.7%. The ex-dividend date of this dividend was Monday, August 11th. Exelon’s dividend payout ratio is 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.