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

Varma Mutual Pension Insurance Co acquired a new stake in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 316,615 shares of the company’s stock, valued at approximately $14,761,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Exelon in the 2nd quarter valued at about $5,583,709,000. Capital International Investors bought a new position in shares of Exelon during the fourth quarter valued at approximately $738,333,000. Norges Bank bought a new position in shares of Exelon during the fourth quarter valued at approximately $617,974,000. Bank of New York Mellon Corp purchased a new position in Exelon during the second quarter valued at approximately $580,842,000. Finally, Deutsche Bank AG purchased a new position in Exelon during the second quarter valued at approximately $567,510,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Exelon Price Performance

Exelon 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 stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.65 and a beta of 0.31. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The business has a fifty day moving average price of $46.25 and a 200-day moving average price of $46.70.

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

Exelon Dividend Announcement

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

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.