TD Waterhouse Canada Inc. Increases Position in Exelon Corporation $EXC

TD Waterhouse Canada Inc. raised its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 40.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,977 shares of the company’s stock after buying an additional 17,710 shares during the period. TD Waterhouse Canada Inc.’s holdings in Exelon were worth $2,658,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Exelon by 0.4% during the third quarter. Vanguard Group Inc. now owns 130,522,986 shares of the company’s stock valued at $5,874,840,000 after buying an additional 530,935 shares during the period. Lazard Asset Management LLC boosted its position in Exelon by 32.9% during the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after buying an additional 5,554,494 shares during the period. Wellington Management Group LLP boosted its position in Exelon by 2.2% during the third quarter. Wellington Management Group LLP now owns 18,663,481 shares of the company’s stock valued at $840,043,000 after buying an additional 393,917 shares during the period. Invesco Ltd. boosted its position in Exelon by 5.6% during the third quarter. Invesco Ltd. now owns 15,659,308 shares of the company’s stock valued at $704,825,000 after buying an additional 833,171 shares during the period. Finally, Northern Trust Corp boosted its position in Exelon by 5.1% during the third quarter. Northern Trust Corp now owns 14,030,184 shares of the company’s stock valued at $631,499,000 after buying an additional 681,371 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on EXC shares. Morgan Stanley cut their price target on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday. Jefferies Financial Group lowered shares of Exelon from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $50.00 in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a research report on Friday, April 17th. Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $49.00 in a research report on Friday, April 17th. Finally, Truist Financial assumed coverage on shares of Exelon in a research report on Monday. They set a “hold” rating and a $50.00 price target for the company. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.44.

Exelon Price Performance

EXC stock opened at $45.86 on Thursday. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $50.65. The company has a market cap of $46.92 billion, a P/E ratio of 16.80, a PEG ratio of 2.68 and a beta of 0.41. The firm has a 50-day moving average of $48.44 and a 200 day moving average of $46.30. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.84.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s revenue was down 1.1% 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 EPS for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Exelon’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. Exelon’s payout ratio is currently 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.