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Exelon Corporation (NASDAQ:EXC) Is a Favorite Amongst Institutional Investors Who Own 85%

Exelon Corporation (NASDAQ:EXC) Is a Favorite Amongst Institutional Investors Who Own 85%

愛克斯龍電力公司(納斯達克:EXC)在擁有85%的機構投資者中備受青睞。
Simply Wall St ·  01/02 19:08

Key Insights

關鍵洞察

  • Given the large stake in the stock by institutions, Exelon's stock price might be vulnerable to their trading decisions
  • 50% of the business is held by the top 12 shareholders
  • Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
  • 由於機構在股票中持有大量股份,愛克斯龍電力的股票價格可能會受到他們交易決策的影響。
  • 50%的業務由前12大股東持有。
  • 通過分析師預測數據和所有權研究,可以更好地評估公司的未來表現。

A look at the shareholders of Exelon Corporation (NASDAQ:EXC) can tell us which group is most powerful. With 85% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

查看愛克斯龍電力公司(納斯達克:EXC)的股東可以告訴我們哪個群體最有權力。機構持有85%的股份,擁有公司的最大股份。換句話說,這個群體從對公司的投資中能夠獲得最多的收益(或遭受最多的損失)。

Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.

由於機構投資者擁有巨大的資源和流動性,他們的投資決策往往具有很大的影響力,特別是在個人投資者中。因此,機構投資在公司中的佔比被普遍視爲積極特徵。

In the chart below, we zoom in on the different ownership groups of Exelon.

在下圖中,我們放大了愛克斯龍電力不同的所有權群體。

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NasdaqGS:EXC Ownership Breakdown January 2nd 2025
納斯達克GS:EXC 所有權分解 2025年1月2日

What Does The Institutional Ownership Tell Us About Exelon?

機構投資者所持股份給愛克斯龍電力帶來了什麼信息?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

機構投資者通常將自己的回報與一個常見的指數回報進行比較。因此,他們通常會考慮購買納入相關基準指數的大型公司股票。

Exelon already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Exelon, (below). Of course, keep in mind that there are other factors to consider, too.

愛克斯龍電力已經在股東名冊上有機構的存在。確實,他們在公司中擁有相當可觀的股份。這可能表明該公司在投資社區中具有一定的信譽。然而,最好對依賴於機構投資者所帶來的所謂驗證保持警惕。他們有時也會出現錯誤。如果兩家大型機構投資者同時試圖賣出某隻股票,股價大幅下跌並不少見。因此,值得查看愛克斯龍電力過去的盈利軌跡(如下所示)。當然,也要記住還有其他因素需要考慮。

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NasdaqGS:EXC Earnings and Revenue Growth January 2nd 2025
納斯達克GS:EXC 2025年1月2日的收益和營業收入增長

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Exelon. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 12% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 11% and 6.5%, of the shares outstanding, respectively.

機構投資者擁有超過50%的公司股份,因此他們可以強有力地影響董事會決策。我們注意到對愛克斯龍電力的對沖基金沒有進行有意義的投資。我們的數據顯示,先鋒集團(The Vanguard Group, Inc.)是最大的股東,擁有12%的流通股份。同時,第二和第三大股東分別持有11%和6.5%的流通股份。

After doing some more digging, we found that the top 12 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

經過進一步挖掘,我們發現前12名股東合計持有公司50%的股份,這表明沒有單一股東對公司施加重大控制。

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

研究機構的持有情況是判斷和篩選股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。目前有合理數量的分析師在覆蓋此股票,因此了解他們對未來的整體看法可能會有用。

Insider Ownership Of Exelon

愛克斯龍電力的內部持股

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

公司內部人士的定義可能是主觀的,並在不同法域之間有所不同。我們的數據顯示個人內部人士,至少捕獲了董事會成員。公司管理層對董事會負責,後者應代表股東的利益。值得注意的是,有時高層管理人員本身就是董事會成員。

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

大多數人認爲內部持股是積極的,因爲這表明董事會與其他股東保持良好的一致性。然而,在某些情況下,權力在這個群體中過於集中。

Our most recent data indicates that insiders own less than 1% of Exelon Corporation. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$15m of stock. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

我們最近的數據表明,內部人士擁有愛克斯龍電力公司不到1%的股份。作爲一家如此龐大的公司,我們不會期望內部人士持有大量股票。總體而言,他們擁有1500萬美元的股票。看到董事會成員擁有股份是好的,但可能值得檢查一下這些內部人士是否在購買。

General Public Ownership

公衆持股

The general public, who are usually individual investors, hold a 15% stake in Exelon. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

公衆一般是指個人投資者,他們在愛克斯龍電力的持股比例爲15%。雖然這個持股規模相當可觀,但如果決策與其他大股東不同,這可能不足以改變公司政策。

Next Steps:

下一步:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For instance, we've identified 2 warning signs for Exelon (1 is a bit unpleasant) that you should be aware of.

我發現了解公司具體擁有者非常有趣。但要真正獲得洞察,我們還需要考慮其他信息。 例如,我們已經識別出愛克斯龍電力的2個警告信號(其中1個有點不愉快),你應該注意。

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

但最終,決定這個業務的所有者表現如何的,是未來而不是過去。因此,我們認爲查看這份免費的報告是明智的,報告顯示分析師是否預測了一個更光明的未來。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注意:本文中的數字是根據過去十二個月的數據計算得出的,指的是截至財務報表日期的月份最後一天的12個月期間。這可能與完整年度的年報數字不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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