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

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Exelon Corporation (NASDAQ:EXC) by 17.8% in the second quarter, HoldingsChannel.com reports. The firm owned 454,368 shares of the company’s stock after purchasing 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Nuveen LLC bought a new stake in Exelon during the 1st quarter worth approximately $285,428,000. ATLAS Infrastructure Partners UK Ltd. increased its holdings in Exelon by 192.7% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,795,566 shares of the company’s stock worth $267,060,000 after purchasing an additional 3,815,722 shares in the last quarter. AQR Capital Management LLC increased its holdings in Exelon by 506.9% during the 1st quarter. AQR Capital Management LLC now owns 3,117,668 shares of the company’s stock worth $143,163,000 after purchasing an additional 2,603,959 shares in the last quarter. Electron Capital Partners LLC bought a new stake in Exelon during the 1st quarter worth approximately $117,274,000. Finally, GQG Partners LLC bought a new stake in Exelon during the 1st quarter worth approximately $112,832,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXC shares. Barclays boosted their price objective on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley upped their target price on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. TD Cowen assumed coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price for the company. Wells Fargo & Company assumed coverage on Exelon in a report on Monday. They issued an “overweight” rating and a $52.00 target price for the company. Finally, Evercore ISI assumed coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 target price for the company. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.55.

Exelon Stock Performance

EXC stock opened at $47.70 on Wednesday. The firm has a market cap of $48.18 billion, a PE ratio of 18.14, a P/E/G ratio of 2.98 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average of $45.10 and a 200-day moving average of $44.54. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51.

Exelon (NASDAQ:EXC) last released its 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 company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon’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, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon 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.