Daiichi Life Insurance Co. Ltd. acquired a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,817 shares of the company's stock, valued at approximately $1,950,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Exelon during the second quarter worth about $5,583,709,000. GQG Partners LLC purchased a new stake in Exelon during the 2nd quarter valued at approximately $922,917,000. Capital International Investors acquired a new stake in Exelon during the 4th quarter worth approximately $738,333,000. Norges Bank purchased a new position in shares of Exelon in the 4th quarter valued at approximately $617,974,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Exelon in the 2nd quarter valued at approximately $580,842,000. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Stock Performance
Shares of EXC stock opened at $43.78 on Monday. The business's fifty day moving average price is $46.25 and its 200 day moving average price is $46.70. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The firm has a market capitalization of $45.19 billion, a PE ratio of 16.04, a P/E/G ratio of 2.65 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99.
Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the business posted $0.39 EPS. Exelon's revenue 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, sell-side analysts forecast that Exelon Corporation will post 2.86 EPS for the current fiscal year.
Exelon Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon's dividend payout ratio (DPR) is currently 61.54%.
Wall Street Analyst Weigh In
EXC has been the subject of several analyst reports. TD Cowen cut their price target on Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, May 15th. KeyCorp lowered their price objective 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. Morgan Stanley dropped their price objective 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. Truist Financial cut their price objective on shares of Exelon from $50.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Finally, Weiss Ratings cut shares of Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exelon currently has a consensus rating of "Hold" and a consensus price target of $50.07.
Get Our Latest Report on Exelon
About Exelon
(
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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