Danske Bank A S Makes New Investment in Exelon Corporation $EXC

Danske Bank A S acquired a new position in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,248,743 shares of the company’s stock, valued at approximately $58,216,000.

Other large investors have also modified their holdings of the company. Resonant Capital Advisors LLC raised its stake in Exelon by 2.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after acquiring an additional 217 shares in the last quarter. PFG Investments LLC lifted its position in Exelon by 1.6% in the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after acquiring an additional 218 shares during the last quarter. Texas Bank & Trust Co lifted its position in Exelon by 1.5% in the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after acquiring an additional 229 shares during the last quarter. Westfuller Advisors LLC boosted its stake in Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after acquiring an additional 232 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Exelon by 2.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock worth $376,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of a number of research analyst reports. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp decreased their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Wells Fargo & Company set a $50.00 price target on Exelon in a research note on Tuesday, April 21st. TD Cowen cut their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Finally, Morgan Stanley reduced their price objective on Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.20.

Exelon Trading Down 0.6%

NASDAQ EXC opened at $45.31 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market cap of $46.77 billion, a PE ratio of 16.60, a P/E/G ratio of 2.77 and a beta of 0.31. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The firm’s fifty day moving average is $46.32 and its two-hundred day moving average is $46.70.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the company posted $0.39 earnings per share. Exelon’s quarterly revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts expect that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is presently 61.54%.

Exelon 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.