M&T Bank Corp Lowers Holdings in Exelon Corporation $EXC

Key Points

• M&T Bank Corp trimmed its stake in Exelon by 66.5% in Q4, selling 60,313 shares and leaving 30,394 shares valued at about $1.325 million.
• Research consensus is a "Hold" (5 Buy, 13 Hold, 1 Sell) with an average price target of $50.44.
• Exelon beat Q results ($0.59 EPS vs. $0.55 est.), set FY2026 guidance of 2.810–2.910 EPS (consensus ~2.86), and declared a $0.42 quarterly dividend (3.6% yield; 61.54% payout).

M&T Bank Corp trimmed its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 66.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,394 shares of the company's stock after selling 60,313 shares during the period. M&T Bank Corp's holdings in Exelon were worth $1,325,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EXC. Caxton Associates LLP purchased a new position in Exelon in the first quarter worth approximately $286,000. Woodline Partners LP grew its position in Exelon by 40.7% in the first quarter. Woodline Partners LP now owns 84,925 shares of the company's stock worth $3,913,000 after acquiring an additional 24,580 shares during the period. Jump Financial LLC purchased a new position in Exelon in the second quarter worth approximately $2,448,000. Gamco Investors INC. ET AL purchased a new position in Exelon in the second quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina grew its position in Exelon by 3.1% in 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 acquiring an additional 14,240 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup assumed coverage on Exelon in a research note on Thursday, March 26th. They set a "buy" rating and a $58.00 price target on the stock. Wells Fargo & Company set a $50.00 price target on Exelon in a research note on Tuesday, April 21st. Mizuho set a $48.00 price target on Exelon and gave the stock a "neutral" rating in a research note on Friday, April 17th. JPMorgan Chase & Co. upped their price target on Exelon from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Finally, KeyCorp decreased their price target on Exelon from $44.00 to $43.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $50.44.

Exelon Stock Down 0.0%

NASDAQ:EXC opened at $47.02 on Thursday. The stock has a market capitalization of $48.11 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.70 and a beta of 0.41. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52 week low of $41.71 and a 52 week high of $50.65. The stock's fifty day moving average is $48.33 and its two-hundred day moving average is $46.31.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.The business's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts anticipate that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, June 4th. Exelon's dividend payout ratio (DPR) is presently 61.54%.

About Exelon

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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