Exelon Corporation $EXC Stock: First Citizens Bank & Trust Co. Lowers Stake

First Citizens Bank & Trust Co. cut its holdings in Exelon Corporation (NASDAQ:EXC) by 23.6% in the third quarter, HoldingsChannel reports. The firm owned 237,419 shares of the company’s stock after selling 73,214 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Exelon were worth $9,592,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bell Investment Advisors Inc raised its stake in Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after purchasing an additional 287 shares in the last quarter. Axiom Investment Management LLC bought a new position in Exelon during the first quarter valued at $27,000. Eastern Bank bought a new position in Exelon during the second quarter valued at $26,000. SHP Wealth Management bought a new position in Exelon during the fourth quarter valued at $26,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Exelon by 440.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock worth $28,000 after buying an additional 484 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Truist Financial decreased their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. KeyCorp raised shares of Exelon from an “underweight” rating to a “sector weight” rating in a report on Monday. Morgan Stanley lowered their price target on shares of Exelon from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Finally, Argus dropped their price target on Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $49.33.

Exelon Stock Performance

NASDAQ EXC opened at $42.34 on Wednesday. The business’s 50 day moving average price is $43.16 and its 200-day moving average price is $45.33. Exelon Corporation has a fifty-two week low of $39.73 and a fifty-two week high of $50.65. The company has a market cap of $43.71 billion, a P/E ratio of 15.51, a P/E/G ratio of 2.30 and a beta of 0.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last issued its quarterly 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 company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. Exelon’s dividend payout ratio is currently 61.54%.

Exelon Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company focused on the transmission and distribution of electricity and the delivery of natural gas. Through its operating companies, Exelon provides energy delivery, infrastructure, grid modernization, reliability, and related customer services rather than operating a competitive power-generation business.

Exelon’s six principal utilities are Commonwealth Edison (ComEd) in Illinois; PECO in Pennsylvania; Baltimore Gas and Electric (BGE) in Maryland; Delmarva Power in Delaware and Maryland; Atlantic City Electric in New Jersey; and Pepco in Washington, DC, and Maryland.