The Manufacturers Life Insurance Company Takes $51.31 Million Position in Exelon Corporation $EXC

The Manufacturers Life Insurance Company bought a new stake in shares of Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,100,559 shares of the company’s stock, valued at approximately $51,308,000.

A number of other institutional investors have also recently added to or reduced their stakes in EXC. BlackRock Inc. acquired a new stake in shares of Exelon in the second quarter valued at about $5,583,709,000. State Street Corp increased its stake in shares of Exelon by 4.0% during the fourth quarter. State Street Corp now owns 66,623,103 shares of the company’s stock worth $2,904,101,000 after purchasing an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Exelon by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock worth $1,206,887,000 after purchasing an additional 1,490,251 shares during the last quarter. Deutsche Bank AG raised its position in shares of Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after purchasing an additional 595,655 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in Exelon in the 2nd quarter valued at about $922,917,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $44.44 on Thursday. The company’s 50-day moving average price is $46.15 and its 200-day moving average price is $46.72. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a market cap of $45.87 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.68 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The business’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. On average, sell-side analysts forecast that Exelon Corporation will post 2.86 earnings per share 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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXC. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Truist Financial reduced their target price on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. KeyCorp decreased their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. TD Cowen lowered their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Morgan Stanley dropped their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Four investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.