Bank of New York Mellon Corp Lowers Stock Position in Exelon Corporation $EXC

Bank of New York Mellon Corp trimmed its position in shares of Exelon Corporation (NASDAQ:EXC) by 4.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,815,644 shares of the company’s stock after selling 548,073 shares during the period. Bank of New York Mellon Corp’s holdings in Exelon were worth $628,223,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Optima Capital LLC acquired a new position in Exelon in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new stake in Exelon during the fourth quarter worth about $25,000. Beacon Financial Strategies CORP acquired a new stake in Exelon during the fourth quarter worth about $26,000. Leonteq Securities AG purchased a new position in shares of Exelon in the 4th quarter worth about $26,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the topic of several research analyst reports. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Barclays downgraded shares of Exelon from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. Truist Financial raised their price target on shares of Exelon from $49.00 to $50.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company set a $50.00 price target on shares of Exelon in a research report on Tuesday, April 21st. Finally, TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus target price of $50.33.

Exelon Price Performance

Shares of EXC stock opened at $46.79 on Friday. The firm has a fifty day simple moving average of $45.87 and a 200-day simple moving average of $46.38. The company has a market capitalization of $47.88 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts anticipate 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 was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s payout ratio is presently 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.