Commerce Bank Takes $6.98 Million Position in Exelon Corporation $EXC

Commerce Bank purchased a new position in Exelon Corporation (NASDAQ:EXC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 149,817 shares of the company’s stock, valued at approximately $6,984,000.

A number of other large investors have also recently made changes to their positions in EXC. Motiv8 Investments LLC purchased a new stake in Exelon in the fourth quarter worth approximately $25,000. Leonteq Securities AG purchased a new stake in Exelon during the 4th quarter valued at $26,000. Bell Investment Advisors Inc lifted its holdings in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares during the period. SHP Wealth Management bought a new position in shares of Exelon during the 4th quarter valued at $26,000. Finally, Eastern Bank purchased a new position in shares of Exelon in the 2nd quarter worth $26,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

Shares of Exelon stock opened at $43.78 on Monday. Exelon Corporation has a 1-year low of $42.58 and a 1-year high of $50.65. The company’s fifty day simple moving average is $46.25 and its 200-day simple moving average is $46.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market capitalization of $45.19 billion, a PE ratio of 16.04, a P/E/G ratio of 2.65 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the company earned $0.39 earnings per share. 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, equities analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on EXC shares. TD Cowen cut their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Truist Financial lowered their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Morgan Stanley dropped their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. KeyCorp cut their price target 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, Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Four equities research 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 stock has an average rating of “Hold” and an average price target of $50.07.

Exelon 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.