Cibc World Market Inc. Purchases Shares of 147,868 Exelon Corporation $EXC

Key Points

• Cibc World Market Inc. purchased 147,868 Exelon shares during the second quarter, valued at approximately $6.9 million. Institutional investors collectively own 80.92% of the company.
• Analysts have a consensus “Hold” rating on Exelon, with an average price target of $50.07. Several firms recently lowered their targets, including Morgan Stanley to $53 and TD Cowen to $49.
• Exelon reported quarterly revenue of $5.97 billion, above estimates, but EPS of $0.43 missed expectations by $0.01. The company also declared a quarterly dividend of $0.42, representing a 3.8% annualized yield.

Cibc World Market Inc. purchased a new position in Exelon Corporation (NASDAQ:EXC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 147,868 shares of the company's stock, valued at approximately $6,894,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Motiv8 Investments LLC bought a new stake in shares of Exelon in the fourth quarter worth about $25,000. Leonteq Securities AG bought a new position in Exelon during the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc grew its holdings in Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company's stock valued at $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management purchased a new position in Exelon during the 4th quarter valued at approximately $26,000. Finally, Eastern Bank bought a new stake in Exelon in the 2nd quarter worth approximately $26,000. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXC. Weiss Ratings cut Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. KeyCorp reduced their price target on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 13th. Truist Financial decreased their price target on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Morgan Stanley lowered their price objective on shares of Exelon from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Finally, TD Cowen dropped their price objective 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. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exelon has a consensus rating of "Hold" and a consensus price target of $50.07.

Exelon Trading Down 0.1%

EXC stock opened at $44.31 on Wednesday. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The stock has a market capitalization of $45.74 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31. 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 firm's fifty day simple moving average is $46.17 and its two-hundred day simple moving average is $46.71.

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

Exelon Dividend Announcement

The company 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 $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 (DPR) is presently 61.54%.

About Exelon

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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