September 10, 2023 – Axa S.A., a leading institutional investor, has significantly increased its stake in Exelon Co. (NASDAQ: EXC) in the first quarter of this year. According to the most recent Form 13F filing with the Securities and Exchange Commission (SEC), Axa S.A. now owns approximately 1,391,498 shares of Exelon’s stock, representing a boost of 247.7%. The institutional investor acquired an additional 991,287 shares during the quarter. At the end of the reporting period, these shares were valued at $58,290,000 or approximately 0.14% of Exelon’s total worth.
Exelon (NASDAQ: EXC) released its quarterly earnings data on Wednesday, August 2nd. The company reported earnings per share (EPS) of $0.41 for the quarter, surpassing market expectations by $0.01 per share. Additionally, Exelon generated $4.82 billion in revenue for the quarter compared to analyst estimates of $4.22 billion. This marked a significant increase of 13.7% in quarterly revenue when compared to the same period last year.
Furthermore, Exelon demonstrated a return on equity (ROE) of 9.20% and a net margin of 10.66%. These figures indicate that Exelon effectively manages its resources and maintains profitability amidst changing market conditions.
The positive performance exhibited by Exelon highlights its robust financial position and potential for long-term growth. With strong revenue figures and favorable earnings per share results in recent quarters, analysts anticipate that Exelon Co.’s earnings per share for the current year will be around $2.35.
In conclusion, Axa S.A.’s significant increase in its investment position underscores its confidence in Exelon Co.’s growth prospects within the energy sector. Moreover, with impressive quarterly financial results that surpassed analyst estimates, Exelon reaffirms its status as a reliable and profitable company. As the year progresses, investors and analysts will closely monitor Exelon’s performance to gauge its ability to sustain its positive momentum and deliver value to stakeholders.
Please note that this information is current as of September 10, 2023, based on the referenced sources. Delays in updates or changes in circumstances may affect the accuracy of this information over time.
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Exelon Attracts Attention of Large Investors, Dividend Payout and Stock Performance Reflect Stability
Exelon, a leading energy company, has recently attracted the attention of several large investors who have either increased or decreased their stakes in the company. One notable entity, Healthcare of Ontario Pension Plan Trust Fund, entered a new position in Exelon during the first quarter with an investment worth approximately $185,000. Additionally, Ossiam witnessed its stake in Exelon surge by 333.8% during the same period, resulting in ownership of 14,466 shares valued at $606,000 after acquiring 11,131 additional shares.
Meanwhile, Edgar Lomax Co. VA experienced a more modest but still significant growth of 17.3% in its stake in Exelon over the first quarter. As a result, the company now owns an impressive 976,001 shares worth $40.88 million after acquiring an additional 143,935 shares during this period.
Furthermore, Veritable L.P., another major investor in Exelon, augmented its stake by 5.7% during the first quarter and now holds 25,087 shares valued at $1.05 million after obtaining an additional 1,348 shares.
Additionally, Prospera Financial Services Inc seized an opportunity to invest in Exelon for the first time with a stake worth approximately $216,000.
It is noteworthy that these institutional investors currently possess ownership of about 81.38% of Exelon’s stock.
On Friday’s trading day on September 10th , Exelon stock opened at $40.58 per share. The company boasts a current ratio of 0.95 and a quick ratio of 0.86 alongside a debt-to-equity ratio of 1.59.The high point reached by the stock over the past year was $46.19 while it bottomed out at $35.19 during this period.
Analyzing moving averages provide valuable insights into price trends; currently,the stock shows a fifty-day simple moving average of $40.78 and a two-hundred-day simple moving average of $41.07.
With a market capitalization of $40.39 billion, Exelon operates with a price-to-earnings ratio (P/E) of 19.14 and a price/earnings-to-growth ratio (P/E/G) of 2.74.Moreover, the stock’s beta stands at 0.62.
Interestingly, Exelon recently announced a quarterly dividend payment which was disbursed on Friday, September 8th.Based on the record date being Tuesday, August 15th, shareholders received $0.36 per share as dividend pay-out. This translates to an annualized dividend rate of $1.44 per share and a dividend yieldof approximately3.55%. In terms of payout ratio, Exelon currently sits at 67.92%.
Lastly, several brokerages have weighed in their opinions on Exelon stock recently.Morgan Stanley notably adjusted its price target for Exelon downward from $47 to $44 while issuing an “overweight” rating for the stock.Another prominent institution,Royal Bank of Canada,reduced its price target from$47to$45and classified the stock as “sector perform”. StockNews.com has initiated coverage on Exelon by tagging it with a “sell”rating.BMO Capital Markets also revised their evaluationonExelon from$46 downto$44.The positive side features Guggenheim upgrading their rating forExelonto”buy”from “neutral”,settinga$44target price.
On aggregate,the analysts’ ratings demonstrate that two analysts consider the stock worthy of a “sell” recommendation.Two others maintaina”hold” rating while seven see it as an attractive investment prospect witha “buy”rating.According to data provided by Bloomberg,the average ratingforExelonestablishesa midpoint between all these positions at “Hold”, with an average price target of $44.10.
In sum, Exelon continues to make waves in the investment landscape, capturing the attention of various institutional investors. Its dividend payout and stock performance illustrate the company’s stability and profitability. However, differing opinions from analysts warrant further observation to ascertain the medium to long-term prospects for this prominent energy corporation.
