Exelon Corporation $EXC Shares Bought by Comerica Bank

Key Points

• Comerica Bank has increased its stake in Exelon Corporation by 8.6%, purchasing an additional 16,825 shares during the 1st quarter, bringing its total holdings to $9.77 million.
• Exelon recently announced a quarterly dividend of $0.40 per share, representing an annualized rate of $1.60 and a dividend yield of 3.6%.
• Analysts have mixed ratings on Exelon with five "Buy" ratings, four "Hold" ratings, and one "Sell" rating, and a consensus average price target of $47.20.

Comerica Bank increased its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 212,037 shares of the company's stock after purchasing an additional 16,825 shares during the period. Comerica Bank's holdings in Exelon were worth $9,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXC. Ameriflex Group Inc. acquired a new stake in Exelon in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon in the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Exelon in the first quarter valued at approximately $50,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EXC. Wells Fargo & Company raised their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. KeyCorp lowered their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a report on Thursday, August 21st. UBS Group reaffirmed a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, Guggenheim raised their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Performance

Shares of Exelon stock traded down $0.08 during trading on Friday, hitting $43.68. 4,003,379 shares of the company's stock were exchanged, compared to its average volume of 6,048,129. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business has a 50-day simple moving average of $43.94 and a 200-day simple moving average of $44.19. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock has a market capitalization of $44.12 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.56 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Exelon's dividend payout ratio (DPR) is 60.84%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.