Fifth Third Bancorp Buys 176,461 Shares of Exelon Corporation $EXC

Fifth Third Bancorp raised its position in shares of Exelon Corporation (NASDAQ:EXC) by 133.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,020 shares of the company’s stock after acquiring an additional 176,461 shares during the period. Fifth Third Bancorp’s holdings in Exelon were worth $15,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. Simplicity Wealth LLC bought a new position in shares of Exelon during the first quarter worth approximately $202,000. Candriam S.C.A. boosted its stake in Exelon by 66.4% in the 1st quarter. Candriam S.C.A. now owns 2,001,357 shares of the company’s stock valued at $98,107,000 after purchasing an additional 798,748 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Exelon by 30.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 55,656 shares of the company’s stock valued at $2,728,000 after purchasing an additional 12,940 shares during the period. Texas Bank & Trust Co grew its holdings in Exelon by 1.5% in the 1st quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after buying an additional 229 shares in the last quarter. Finally, First Horizon Corp grew its holdings in Exelon by 1,004.0% in the 1st quarter. First Horizon Corp now owns 25,635 shares of the company’s stock valued at $1,257,000 after buying an additional 23,313 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXC. Truist Financial dropped their target price on Exelon from $50.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 29th. 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 note on Wednesday, May 13th. Jefferies Financial Group downgraded shares of Exelon from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Monday, April 20th. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research report on Tuesday, April 21st. Finally, Morgan Stanley dropped their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Four 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.27.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $46.92 on Wednesday. The company’s 50 day simple moving average is $45.81 and its 200 day simple moving average is $46.34. The stock has a market capitalization of $48.01 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 2.73 and a beta of 0.31. Exelon Corporation has a 1 year low of $42.47 and a 1 year high of $50.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a return on equity of 9.83% and a net margin of 11.21%.Exelon’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, research analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. 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.