M&T Bank Corp Has $4.69 Million Holdings in Exelon Corporation $EXC

M&T Bank Corp lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 12.5% in the second quarter, Holdings Channel.com reports. The fund owned 107,886 shares of the company’s stock after purchasing an additional 11,987 shares during the quarter. M&T Bank Corp’s holdings in Exelon were worth $4,685,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Exelon by 1.6% in the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after purchasing an additional 2,075,014 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Exelon by 3.4% during the second quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock valued at $1,209,229,000 after purchasing an additional 931,897 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after purchasing an additional 1,988,212 shares during the period. Invesco Ltd. raised its holdings in shares of Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after buying an additional 83,518 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Exelon in the 2nd quarter worth approximately $589,122,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Shares of EXC stock opened at $43.91 on Friday. The stock has a 50-day moving average price of $46.30 and a 200 day moving average price of $44.57. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66. The firm has a market cap of $44.36 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.74 and a beta of 0.45. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.60% and a return on equity of 10.28%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be given a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s dividend payout ratio is currently 57.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. KeyCorp lifted their target price on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Jefferies Financial Group set a $57.00 target price on Exelon in a report on Wednesday, October 15th. Finally, UBS Group increased their price target on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $50.45.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.