Caisse de depot et placement du Quebec Purchases New Stake in Exelon Corporation $EXC

Caisse de depot et placement du Quebec purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 169,372 shares of the company's stock, valued at approximately $7,896,000.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc boosted its holdings in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock worth $26,000 after purchasing an additional 287 shares during the period. Axiom Investment Management LLC acquired a new stake in shares of Exelon during the first quarter worth $27,000. Eastern Bank acquired a new stake in shares of Exelon during the second quarter worth $26,000. Motiv8 Investments LLC bought a new position in shares of Exelon in the 4th quarter worth about $25,000. Finally, SHP Wealth Management bought a new position in shares of Exelon in the 4th quarter worth about $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial dropped 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. TD Cowen lowered their price target on shares of Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, May 15th. KeyCorp dropped their price objective on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Finally, Morgan Stanley reduced their target price on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.07.

Exelon Stock Down 0.1%

Shares of Exelon stock opened at $43.93 on Friday. The business's fifty day moving average price is $46.08 and its two-hundred day moving average price is $46.69. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The company has a market capitalization of $45.35 billion, a P/E ratio of 16.09, a PEG ratio of 2.66 and a beta of 0.31. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65.

Exelon (NASDAQ:EXC - Get Free Report) last released 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the company posted $0.39 EPS. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon's dividend payout ratio is presently 61.54%.

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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source