Exelon Corporation $EXC Stock: TD Waterhouse Canada Inc. Lowers Holdings

TD Waterhouse Canada Inc. lowered its stake in shares of Exelon Corporation (NASDAQ:EXC) by 55.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,613 shares of the company’s stock after selling 45,659 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Exelon were worth $1,482,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Exelon in the 2nd quarter valued at $5,583,709,000. Lazard Asset Management LLC grew its position in Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock worth $1,206,887,000 after purchasing an additional 1,490,251 shares during the last quarter. GQG Partners LLC acquired a new stake in Exelon in the 2nd quarter worth $922,917,000. Legal & General Group Plc acquired a new stake in Exelon in the 2nd quarter worth $602,760,000. Finally, Bank of New York Mellon Corp acquired a new stake in Exelon in the 2nd quarter worth $580,842,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXC has been the topic of several research reports. Truist Financial dropped their price objective on shares of Exelon from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, October 16th. Morgan Stanley reduced their target price on shares of Exelon from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Wednesday. Barclays reduced their target price on shares of Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday. KeyCorp raised Exelon from an “underweight” rating to a “sector weight” rating in a research report on Monday, October 12th. Finally, Argus lowered their price target on Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.33.

Exelon Stock Performance

EXC opened at $43.05 on Thursday. The stock’s 50 day simple moving average is $42.87 and its 200-day simple moving average is $45.07. 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 $44.44 billion, a PE ratio of 15.77, a P/E/G ratio of 2.35 and a beta of 0.30. Exelon Corporation has a 1 year low of $39.73 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 Dividend Announcement

The firm also recently disclosed 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 was Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.9%. Exelon’s dividend payout ratio is currently 61.54%.

Exelon Profile

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.