Exelon Corporation $EXC Shares Acquired by Saudi Central Bank

Saudi Central Bank lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 92.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 71,603 shares of the company’s stock after buying an additional 34,312 shares during the period. Saudi Central Bank’s holdings in Exelon were worth $3,338,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its holdings in shares of Exelon by 2.4% in the first quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock valued at $460,000 after buying an additional 217 shares during the period. PFG Investments LLC grew its holdings in Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock worth $698,000 after acquiring an additional 218 shares during the period. Texas Bank & Trust Co raised its position in Exelon by 1.5% in the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock worth $755,000 after acquiring an additional 229 shares in the last quarter. Westfuller Advisors LLC lifted its holdings in Exelon by 12.5% in the 1st quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after acquiring an additional 232 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in Exelon by 0.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 82,907 shares of the company’s stock valued at $3,614,000 after acquiring an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen lowered their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Truist Financial reduced their target price on shares of 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 price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Morgan Stanley dropped their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Finally, Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.07.

Exelon Stock Performance

Exelon stock opened at $43.64 on Tuesday. The company has a 50 day moving average price of $45.73 and a 200 day moving average price of $46.58. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $45.05 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.39 and a beta of 0.30.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Exelon’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

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

Exelon Company 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.