KLP Kapitalforvaltning AS Increases Stock Position in Exelon Corporation $EXC

KLP Kapitalforvaltning AS increased its position in Exelon Corporation (NASDAQ:EXC) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,097,244 shares of the company’s stock after buying an additional 103,700 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.11% of Exelon worth $49,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its stake in shares of Exelon by 11.5% in the 1st quarter. Baird Financial Group Inc. now owns 29,894 shares of the company’s stock valued at $1,378,000 after purchasing an additional 3,083 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Exelon by 53.0% in the first quarter. NewEdge Advisors LLC now owns 59,754 shares of the company’s stock valued at $2,753,000 after buying an additional 20,687 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Exelon during the first quarter valued at approximately $356,000. Caxton Associates LLP purchased a new stake in Exelon during the first quarter worth approximately $286,000. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Exelon by 4.0% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 37,273 shares of the company’s stock worth $1,718,000 after buying an additional 1,432 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.7%

NASDAQ:EXC opened at $43.84 on Wednesday. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 2.56 and a beta of 0.46. Exelon Corporation has a one year low of $37.13 and a one year high of $48.51. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.94. The business’s 50-day simple moving average is $44.92 and its 200 day simple moving average is $44.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, November 10th. Exelon’s dividend payout ratio (DPR) is currently 57.35%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXC shares. Morgan Stanley restated an “underperform” rating and set a $52.00 target price on shares of Exelon in a report on Thursday, November 20th. UBS Group reduced their price objective on Exelon from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Jefferies Financial Group set a $57.00 target price on Exelon in a research report on Wednesday, October 15th. BTIG Research started coverage on Exelon in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Barclays boosted their price target on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.75.

About Exelon

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.