Commerce Bank Purchases New Shares in Exelon Corporation $EXC

Key Points

• Commerce Bank acquired 149,817 Exelon shares in the second quarter, valued at approximately $6.98 million. Institutional investors collectively own 80.92% of Exelon, with GQG Partners making a particularly large new investment of about $922.9 million.
• Analysts have generally turned more cautious, lowering several price targets. Exelon carries a consensus rating of “Hold” and an average price target of $50.07, compared with its recent price of $43.78.
• Exelon reported quarterly revenue of $5.97 billion, up 10% year over year, but adjusted EPS of $0.43 narrowly missed expectations. The company declared a quarterly dividend of $0.42, representing a 3.8% annualized yield.

Commerce Bank acquired a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 149,817 shares of the company's stock, valued at approximately $6,984,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXC. GQG Partners LLC bought a new position in shares of Exelon in the 2nd quarter worth about $922,917,000. Northwestern Mutual Wealth Management Co. bought a new stake in Exelon during the second quarter worth about $3,947,000. Quantbot Technologies LP purchased a new stake in Exelon in the second quarter worth about $9,194,000. Varma Mutual Pension Insurance Co purchased a new stake in Exelon in the second quarter worth about $14,761,000. Finally, Westpac Banking Corp bought a new position in shares of Exelon during the second quarter valued at approximately $1,719,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXC shares. Weiss Ratings lowered shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Morgan Stanley cut their price target on Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday. KeyCorp reduced their price objective on Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research report on Wednesday, May 13th. TD Cowen lowered their price objective on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, May 15th. Finally, Truist Financial dropped their target price on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of "Hold" and a consensus price target of $50.07.

Exelon Price Performance

Shares of Exelon stock opened at $43.78 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The stock has a market capitalization of $45.19 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a 50-day simple moving average of $46.25 and a two-hundred day simple moving average of $46.70.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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%.The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

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

Exelon Company 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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