Westpac Banking Corp Takes $1.72 Million Position in Exelon Corporation $EXC

Westpac Banking Corp purchased a new stake in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,870 shares of the company’s stock, valued at approximately $1,719,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Exelon during the 2nd quarter worth $5,583,709,000. Capital International Investors bought a new stake in shares of Exelon during the 4th quarter valued at $738,333,000. Norges Bank bought a new stake in shares of Exelon during the 4th quarter valued at $617,974,000. Bank of New York Mellon Corp acquired a new stake in shares of Exelon during the 2nd quarter worth $580,842,000. Finally, Deutsche Bank AG acquired a new stake in shares of Exelon during the 2nd quarter worth $567,510,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 2.8%

Shares of EXC opened at $43.78 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The firm has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.65 and a beta of 0.31. The business’s fifty day moving average is $46.25 and its 200-day moving average is $46.68.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $5.97 billion for 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%.Exelon’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s payout ratio is presently 61.54%.

Analysts Set New Price Targets

A number of research analysts recently commented on EXC shares. Truist Financial dropped their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Weiss Ratings downgraded shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. KeyCorp decreased their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. TD Cowen dropped their target price 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. Finally, Morgan Stanley cut their price target on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.07.

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.