J. Safra Sarasin Holding AG Acquires New Stake in Exelon Corporation $EXC

J. Safra Sarasin Holding AG bought a new position in shares of Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,128 shares of the company’s stock, valued at approximately $2,350,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock worth $5,894,417,000 after acquiring an additional 581,686 shares during the period. Deutsche Bank AG boosted its position in shares of Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after purchasing an additional 1,988,212 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company’s stock worth $729,777,000 after purchasing an additional 106,917 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after purchasing an additional 83,518 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Exelon by 11.8% during the first quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock valued at $577,470,000 after purchasing an additional 1,319,637 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EXC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research report on Saturday, September 27th. Morgan Stanley cut their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group restated a “neutral” rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.44.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $45.34 on Friday. The company has a market cap of $45.79 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.64 and a beta of 0.40. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. The business’s 50 day moving average is $44.18 and its two-hundred day moving average is $44.23. 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 quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned $0.47 EPS. The company’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. On average, equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, August 11th. Exelon’s dividend payout ratio is presently 60.84%.

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.