Nordea Investment Management AB Has $298.67 Million Stock Holdings in Exelon Corporation $EXC

Nordea Investment Management AB raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,944,168 shares of the company’s stock after purchasing an additional 724,957 shares during the quarter. Nordea Investment Management AB owned approximately 0.69% of Exelon worth $298,669,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its holdings in Exelon by 12.9% during the 2nd quarter. New York State Teachers Retirement System now owns 844,143 shares of the company’s stock valued at $36,653,000 after purchasing an additional 96,733 shares during the last quarter. Davidson Investment Advisors lifted its holdings in Exelon by 1.0% during the 2nd quarter. Davidson Investment Advisors now owns 395,160 shares of the company’s stock valued at $17,158,000 after purchasing an additional 3,992 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Exelon by 18.5% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 2,912 shares of the company’s stock valued at $126,000 after purchasing an additional 455 shares during the last quarter. Generali Asset Management SPA SGR lifted its holdings in Exelon by 25.7% during the 2nd quarter. Generali Asset Management SPA SGR now owns 133,110 shares of the company’s stock valued at $5,780,000 after purchasing an additional 27,252 shares during the last quarter. Finally, Essex LLC lifted its holdings in Exelon by 68.6% during the 2nd quarter. Essex LLC now owns 50,546 shares of the company’s stock valued at $2,195,000 after purchasing an additional 20,561 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 1.0%

EXC opened at $47.36 on Friday. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a 50-day simple moving average of $44.58 and a 200 day simple moving average of $44.40. 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 stock has a market capitalization of $47.83 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.97 and a beta of 0.40.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts predict 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 was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.4%. Exelon’s payout ratio is presently 60.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EXC shares. Barclays boosted their target price on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research report on Wednesday, October 8th. UBS Group boosted their target price 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. Morgan Stanley reduced their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, TD Cowen started coverage on shares of Exelon in a research report on Thursday. They issued a “hold” rating and a $49.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.00.

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.