Deutsche Bank AG Takes $567.51 Million Position in Exelon Corporation $EXC

Deutsche Bank AG bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 12,173,111 shares of the company's stock, valued at approximately $567,510,000. Deutsche Bank AG owned about 1.18% of Exelon at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors acquired a new stake in shares of Exelon during the fourth quarter worth about $738,333,000. Norges Bank acquired a new stake in shares of Exelon in the 4th quarter valued at about $617,974,000. Bank of New York Mellon Corp purchased a new position in Exelon during the 2nd quarter worth approximately $580,842,000. Capital World Investors grew its stake in Exelon by 807.4% during the 4th quarter. Capital World Investors now owns 10,100,575 shares of the company's stock worth $440,284,000 after buying an additional 8,987,453 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Exelon by 32.9% during the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company's stock worth $1,010,299,000 after buying an additional 5,554,494 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXC shares. TD Cowen reduced 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. KeyCorp reduced their price target on shares of Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research report on Wednesday, May 13th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research note on Tuesday, April 21st. Morgan Stanley lowered their price objective on shares of Exelon from $56.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 21st. Finally, Truist Financial dropped their price objective on shares of Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $50.20.

Exelon Stock Down 0.6%

Exelon stock opened at $45.57 on Tuesday. The stock has a 50 day moving average of $46.32 and a two-hundred day moving average of $46.69. 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 $47.04 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.77 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

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 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 company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the firm posted $0.39 EPS. The company's revenue for the quarter was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts expect 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. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. 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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