Saudi Central Bank boosted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 92.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,603 shares of the company's stock after acquiring an additional 34,312 shares during the period. Saudi Central Bank's holdings in Exelon were worth $3,338,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caxton Associates LLP purchased a new position in shares of Exelon during the 1st quarter worth $286,000. Woodline Partners LP raised its holdings in Exelon by 40.7% in the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company's stock valued at $3,913,000 after buying an additional 24,580 shares during the period. Jump Financial LLC acquired a new position in Exelon in the second quarter valued at about $2,448,000. Gamco Investors INC. ET AL acquired a new position in Exelon in the second quarter valued at about $645,000. Finally, Treasurer of the State of North Carolina boosted its stake in Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company's stock worth $20,502,000 after buying an additional 14,240 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.
Exelon Price Performance
Shares of EXC opened at $43.64 on Tuesday. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The firm's 50 day moving average price is $45.73 and its 200 day moving average price is $46.58. The company has a market cap of $45.05 billion, a P/E ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.30. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, research analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.
Exelon Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon's payout ratio is presently 61.54%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of Exelon from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, May 15th. Truist Financial decreased their price target on Exelon from $50.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Weiss Ratings lowered Exelon from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. KeyCorp dropped their price objective on Exelon from $43.00 to $41.00 and set an "underweight" rating for the company in a research note on Wednesday, May 13th. Finally, Morgan Stanley cut their price objective on Exelon from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, August 21st. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $50.07.
View Our Latest Analysis 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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