KLP Kapitalforvaltning AS Raises Position in Exelon Corporation $EXC

KLP Kapitalforvaltning AS raised its position in shares of Exelon Corporation (NASDAQ:EXC) by 4.7% in the second quarter, Holdings Channel.com reports. The fund owned 993,544 shares of the company’s stock after acquiring an additional 45,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Exelon were worth $43,140,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its position in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon during the 1st quarter worth $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon during the second quarter worth $39,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon in the first quarter valued at about $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Exelon in the first quarter valued at about $50,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Exelon Stock Up 0.8%

Shares of NASDAQ EXC opened at $45.69 on Tuesday. The company has a market capitalization of $46.15 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.66 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The company has a 50 day simple moving average of $44.23 and a 200-day simple moving average of $44.24. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, equities research 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. Stockholders of record on Monday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon’s dividend payout ratio is currently 60.84%.

Exelon Company Profile

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.