Swiss National Bank Raises Stock Holdings in Exelon Corporation $EXC

Swiss National Bank grew its stake in shares of Exelon Corporation (NASDAQ:EXC) by 7.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,055,855 shares of the company’s stock after buying an additional 221,700 shares during the period. Swiss National Bank’s holdings in Exelon were worth $132,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of Exelon by 15.3% in the first quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $189,000 after purchasing an additional 544 shares during the period. Choreo LLC boosted its holdings in Exelon by 16.6% in the 1st quarter. Choreo LLC now owns 21,413 shares of the company’s stock worth $987,000 after buying an additional 3,054 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Exelon by 48.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 9,344 shares of the company’s stock worth $431,000 after buying an additional 3,060 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Exelon by 4.7% during the first quarter. Pinnacle Associates Ltd. now owns 12,079 shares of the company’s stock valued at $557,000 after acquiring an additional 539 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of Exelon by 11.1% in the first quarter. Avantax Advisory Services Inc. now owns 51,418 shares of the company’s stock valued at $2,369,000 after acquiring an additional 5,130 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the subject of several research analyst reports. Evercore ISI initiated coverage on Exelon in a research report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Morgan Stanley reaffirmed an “underperform” rating and set a $52.00 price objective on shares of Exelon in a report on Thursday. UBS Group lifted their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. BTIG Research assumed coverage on shares of Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Exelon presently has a consensus rating of “Hold” and an average target price of $50.45.

Exelon Price Performance

Exelon stock opened at $45.75 on Friday. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51. 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 firm’s fifty day moving average is $45.90 and its 200 day moving average is $44.47. The company has a market cap of $46.22 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.93 and a beta of 0.44.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio is 57.35%.

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.