Swedbank AB Increases Holdings in Exelon Corporation $EXC

Swedbank AB raised its position in Exelon Corporation (NASDAQ:EXC) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 3,118,442 shares of the company’s stock after acquiring an additional 31,890 shares during the period. Swedbank AB’s holdings in Exelon were worth $152,866,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. ASR Vermogensbeheer N.V. lifted its stake in shares of Exelon by 28.4% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after purchasing an additional 60,250 shares during the last quarter. Nordea Investment Management AB increased its stake in Exelon by 14.6% in the 4th quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock worth $352,397,000 after buying an additional 1,024,106 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in shares of Exelon by 26.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock worth $9,393,000 after acquiring an additional 45,723 shares during the period. Asset Management One Co. Ltd. raised its position in Exelon by 19.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after purchasing an additional 93,682 shares in the last quarter. Finally, Prudential PLC raised its holdings in shares of Exelon by 14.2% in the third quarter. Prudential PLC now owns 500,289 shares of the company’s stock valued at $22,518,000 after acquiring an additional 62,153 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC stock traded up $1.10 during mid-day trading on Tuesday, reaching $48.15. The company’s stock had a trading volume of 2,418,871 shares, compared to its average volume of 8,641,294. Exelon Corporation has a fifty-two week low of $42.47 and a fifty-two week 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 stock has a market cap of $49.26 billion, a PE ratio of 17.63, a P/E/G ratio of 2.77 and a beta of 0.31. The company’s 50 day moving average is $45.76 and its two-hundred day moving average is $46.21.

Exelon (NASDAQ:EXC) last released 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. Exelon had a return on equity of 9.83% and a net margin of 11.21%.The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. Royal Bank Of Canada decreased their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 20th. Morgan Stanley lowered their price target on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Mizuho set a $48.00 price objective on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Exelon has an average rating of “Hold” and an average target price of $50.27.

Exelon Company Profile

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.