Bank of America Corp DE Takes Position in Exelon Corporation $EXC

Key Points

• Bank of America acquired 7.13 million Exelon shares during the second quarter, valued at approximately $332.3 million and representing about 0.69% of the utility company. Institutional investors collectively own 80.92% of Exelon.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but earnings per share of $0.43 slightly missed analysts’ $0.44 estimate. The company maintained fiscal 2026 EPS guidance of $2.81–$2.91.
• Exelon’s quarterly dividend is $0.42 per share, or $1.68 annually, producing a 4.0% yield. Analysts have a consensus “Hold” rating with an average price target of $50.07, while shares recently traded at $42.44.

Bank of America Corp DE bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,126,908 shares of the company's stock, valued at approximately $332,256,000. Bank of America Corp DE owned about 0.69% of Exelon as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caisse de depot et placement du Quebec bought a new position in Exelon during the second quarter worth $7,896,000. Odyssean LLC boosted its holdings in shares of Exelon by 103.6% during the 2nd quarter. Odyssean LLC now owns 46,567 shares of the company's stock worth $2,171,000 after buying an additional 23,697 shares during the period. Man Group plc acquired a new position in Exelon in the 2nd quarter valued at about $42,105,000. First Bancorp Inc ME bought a new position in Exelon in the 2nd quarter valued at about $44,000. Finally, Jupiter Topco LLC acquired a new stake in Exelon during the second quarter worth approximately $14,001,000. Institutional investors own 80.92% of the company's stock.

Exelon Trading Up 0.6%

Shares of Exelon stock opened at $42.44 on Thursday. The firm's 50-day moving average price is $45.15 and its two-hundred day moving average price is $46.34. Exelon Corporation has a 12-month low of $42.13 and a 12-month high of $50.65. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $43.81 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.31 and a beta of 0.30.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business's revenue was up 10.0% on a year-over-year basis. During the same quarter 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, analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, September 4th. Exelon's dividend payout ratio is currently 61.54%.

Analysts Set New Price Targets

Several research firms have recently commented on EXC. Truist Financial decreased their target price on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research report on Thursday, August 13th. Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Finally, Morgan Stanley lowered their price objective on Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and a consensus target price of $50.07.

About Exelon

Exelon Corporation NASDAQ: EXC is a regulated utility company that delivers electricity and natural gas to residential, commercial and industrial customers. Its operations are focused primarily on the transmission and distribution of energy, along with related customer, infrastructure and energy-efficiency services.

Exelon operates through six utility companies: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Together, these utilities serve customers across Illinois, Maryland, Delaware, New Jersey, Pennsylvania and the District of Columbia.

The company was formed in 2000 through the merger of PECO Energy and Unicom, the parent company of Commonwealth Edison.

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