Te Ahumairangi Investment Management Ltd Purchases New Shares in Exelon Corporation $EXC

Te Ahumairangi Investment Management Ltd bought a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, Holdings Channel reports. The fund bought 150,863 shares of the company’s stock, valued at approximately $7,033,000. Exelon comprises approximately 1.1% of Te Ahumairangi Investment Management Ltd’s portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Motiv8 Investments LLC purchased a new stake in Exelon during the 4th quarter worth approximately $25,000. Leonteq Securities AG bought a new stake in shares of Exelon in the fourth quarter worth $26,000. Bell Investment Advisors Inc raised its holdings in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares in the last quarter. SHP Wealth Management bought a new position in Exelon during the 4th quarter valued at $26,000. Finally, Eastern Bank acquired a new position in Exelon during the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EXC shares. Weiss Ratings lowered shares of Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. KeyCorp cut their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. TD Cowen decreased their target price on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Truist Financial lowered 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. Finally, Morgan Stanley dropped their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.07.

Exelon Price Performance

EXC opened at $43.78 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The company has a market capitalization of $45.19 billion, a PE ratio of 16.04, a P/E/G ratio of 2.65 and a beta of 0.31. The stock’s fifty day moving average is $46.25 and its 200-day moving average is $46.70. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65.

Exelon (NASDAQ:EXC) last released its 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. Exelon’s revenue was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a $0.42 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. Exelon’s dividend payout ratio (DPR) is 61.54%.

About Exelon

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.