Mn Services Vermogensbeheer B.V. Grows Stock Holdings in Exelon Corporation $EXC

Mn Services Vermogensbeheer B.V. increased its stake in Exelon Corporation (NASDAQ:EXC) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 376,100 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Exelon were worth $16,330,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wedmont Private Capital grew its stake in Exelon by 24.3% during the second quarter. Wedmont Private Capital now owns 8,192 shares of the company’s stock valued at $353,000 after acquiring an additional 1,600 shares in the last quarter. Swedbank AB grew its position in shares of Exelon by 4.4% during the 2nd quarter. Swedbank AB now owns 2,904,129 shares of the company’s stock valued at $126,097,000 after purchasing an additional 123,725 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Exelon by 1.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 135,124 shares of the company’s stock valued at $5,867,000 after purchasing an additional 1,474 shares in the last quarter. Signal Advisors Wealth LLC purchased a new position in Exelon during the second quarter worth about $338,000. Finally, Lineweaver Wealth Advisors LLC grew its position in Exelon by 24.1% during the second quarter. Lineweaver Wealth Advisors LLC now owns 5,595 shares of the company’s stock worth $243,000 after buying an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.3%

Shares of EXC opened at $43.11 on Friday. 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 firm has a fifty day simple moving average of $43.99 and a two-hundred day simple moving average of $44.18. The stock has a market capitalization of $43.54 billion, a P/E ratio of 16.39, a PEG ratio of 2.54 and a beta of 0.41. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the business posted $0.47 earnings per share. Exelon’s quarterly revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 11th were given 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 3.7%. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

Analysts Set New Price Targets

EXC has been the subject of several recent analyst reports. KeyCorp reduced their target price on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Morgan Stanley reissued an “outperform” rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group reissued a “neutral” rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.33.

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.