Varma Mutual Pension Insurance Co Buys New Shares in Exelon Corporation $EXC

Varma Mutual Pension Insurance Co bought a new position in Exelon Corporation (NASDAQ:EXC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 316,615 shares of the company’s stock, valued at approximately $14,761,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Motiv8 Investments LLC purchased a new stake in Exelon during the 4th quarter valued at about $25,000. Leonteq Securities AG acquired a new position in shares of Exelon in the fourth quarter valued at about $26,000. Bell Investment Advisors Inc raised its stake in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Exelon during the fourth quarter worth about $26,000. Finally, Eastern Bank acquired a new stake in shares of Exelon during the second quarter worth about $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $43.78 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The company has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.65 and a beta of 0.31. The stock has a 50 day simple moving average of $46.25 and a 200-day simple moving average of $46.70. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65.

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

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon’s dividend payout ratio is 61.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley dropped their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. KeyCorp decreased their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Truist Financial dropped their price objective on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Weiss Ratings cut shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Finally, TD Cowen decreased their target price on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.07.

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.