Hsbc Holdings PLC Purchases 571,804 Shares of Exelon Corporation $EXC

Hsbc Holdings PLC lifted its position in Exelon Corporation (NASDAQ:EXC) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,890,472 shares of the company’s stock after buying an additional 571,804 shares during the quarter. Hsbc Holdings PLC owned about 0.86% of Exelon worth $414,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EXC. BlackRock Inc. bought a new stake in Exelon during the second quarter valued at about $5,583,709,000. GQG Partners LLC bought a new position in shares of Exelon in the second quarter worth about $922,917,000. Capital International Investors bought a new position in shares of Exelon in the fourth quarter worth about $738,333,000. Norges Bank acquired a new position in shares of Exelon during the 4th quarter worth about $617,974,000. Finally, Legal & General Group Plc acquired a new position in shares of Exelon during the 2nd quarter worth about $602,760,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

EXC opened at $43.64 on Monday. The stock’s 50 day simple moving average is $45.80 and its 200-day simple moving average is $46.61. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $45.05 billion, a PE ratio of 15.99, a P/E/G ratio of 2.39 and a beta of 0.30. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last 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 forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. KeyCorp lowered their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Truist Financial cut their price target on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. 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. Finally, Morgan Stanley dropped their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus target price of $50.07.

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.