Banco Bilbao Vizcaya Argentaria S.A. Raises Stake in Exelon Corporation $EXC

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Exelon Corporation (NASDAQ:EXC) by 2.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,210 shares of the company’s stock after purchasing an additional 644 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Exelon were worth $1,115,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. grew its holdings in shares of Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after purchasing an additional 150,876 shares during the period. Arizona State Retirement System grew its holdings in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock worth $13,587,000 after purchasing an additional 10,176 shares during the period. Cerity Partners LLC grew its holdings in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock worth $22,393,000 after purchasing an additional 63,009 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Exelon during the 1st quarter worth about $6,795,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Exelon by 141.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company’s stock worth $12,400,000 after purchasing an additional 157,548 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Guggenheim upped their price target on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Wednesday, July 16th. Wells Fargo & Company upped their price target on Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, UBS Group restated a “neutral” rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average target price of $47.20.

Exelon Stock Performance

Shares of EXC opened at $44.96 on Friday. The business’s 50 day moving average is $43.77 and its two-hundred day moving average is $44.10. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The firm has a market cap of $45.41 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.62 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the company posted $0.47 EPS. Exelon’s quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon’s dividend payout ratio is presently 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.