Bank of Nova Scotia bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 201,947 shares of the company's stock, valued at approximately $9,415,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Exelon during the second quarter worth $5,583,709,000. GQG Partners LLC bought a new position in Exelon in the second quarter valued at about $922,917,000. Capital International Investors acquired a new position in Exelon during the fourth quarter worth about $738,333,000. Norges Bank acquired a new position in Exelon during the fourth quarter worth about $617,974,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Exelon in the second quarter worth about $580,842,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Price Performance
EXC stock opened at $44.34 on Tuesday. The company has a market capitalization of $45.77 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The business has a 50-day simple moving average of $46.22 and a two-hundred day simple moving average of $46.71.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts expect 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. Shareholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon's dividend payout ratio (DPR) is 61.54%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday. TD Cowen dropped their price target on shares of Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, May 15th. Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Truist Financial dropped their target price on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Finally, KeyCorp cut their price target on Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a report on Wednesday, May 13th. Four 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. Based on data from MarketBeat.com, Exelon has an average rating of "Hold" and an average price target of $50.07.
Check Out Our Latest Stock Analysis on Exelon
Exelon Company Profile
(
Free Report)
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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