Bank of New York Mellon Corp Takes Position in Exelon Corporation $EXC

Bank of New York Mellon Corp purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,459,069 shares of the company's stock, valued at approximately $580,842,000. Bank of New York Mellon Corp owned approximately 1.21% of Exelon at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Motiv8 Investments LLC acquired a new position in Exelon in the 4th quarter worth about $25,000. Leonteq Securities AG acquired a new stake in Exelon during the fourth quarter worth approximately $26,000. Bell Investment Advisors Inc boosted its holdings in shares of Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock valued at $26,000 after acquiring an additional 287 shares during the period. SHP Wealth Management purchased a new position in shares of Exelon during the fourth quarter worth about $26,000. Finally, Eastern Bank acquired a new position in Exelon during the 2nd quarter worth approximately $26,000. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Exelon stock opened at $43.78 on Friday. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The company's 50 day moving average price is $46.25 and its two-hundred day moving average price is $46.68. 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 stock has a market cap of $45.19 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.73 and a beta of 0.31.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly 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). The business had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon's dividend payout ratio (DPR) is 61.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley cut their price target on Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday. TD Cowen reduced their target price on shares of Exelon from $51.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, May 15th. KeyCorp dropped their price target 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 reduced their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Exelon has an average 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.

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