United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $894,000 in Exelon Corporation $EXC

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,600 shares of the company’s stock, valued at approximately $894,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its stake in Exelon by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock worth $72,637,000 after purchasing an additional 100,406 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Exelon by 24.6% in the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after purchasing an additional 8,809 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Exelon during the 1st quarter worth $47,789,000. Nordea Investment Management AB lifted its position in shares of Exelon by 11.7% during the 2nd quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock worth $298,669,000 after buying an additional 724,957 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Exelon by 38,210.9% during the 2nd quarter. Global Financial Private Client LLC now owns 17,623 shares of the company’s stock worth $765,000 after buying an additional 17,577 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.7%

Shares of NASDAQ EXC opened at $46.57 on Thursday. The company has a 50 day simple moving average of $46.08 and a 200 day simple moving average of $44.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The firm has a market cap of $47.05 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44.

Exelon (NASDAQ:EXC) last posted its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates 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. On average, research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is 57.35%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXC. TD Cowen started coverage on Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price on the stock. Evercore ISI initiated coverage on shares of Exelon in a research note on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. BTIG Research began coverage on shares of Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. UBS Group increased their price objective on shares of Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group set a $57.00 target price on shares of Exelon in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus target price of $50.45.

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.