Hsbc Holdings PLC Purchases Shares of 8,890,472 Exelon Corporation $EXC

Hsbc Holdings PLC bought a new position in Exelon Corporation (NASDAQ:EXC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,890,472 shares of the company’s stock, valued at approximately $414,530,000. Hsbc Holdings PLC owned approximately 0.86% of Exelon at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caxton Associates LLP bought a new position in shares of Exelon in the first quarter worth approximately $286,000. Woodline Partners LP raised its position in shares of Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after purchasing an additional 24,580 shares during the period. Jump Financial LLC purchased a new position in shares of Exelon during the 2nd quarter valued at $2,448,000. Gamco Investors INC. ET AL bought a new position in Exelon in the 2nd quarter worth $645,000. Finally, Treasurer of the State of North Carolina boosted its holdings in Exelon by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after buying an additional 14,240 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $44.31 on Wednesday. Exelon Corporation has a 52 week low of $42.58 and a 52 week high of $50.65. The stock has a market capitalization of $45.74 billion, a P/E ratio of 16.23, a PEG ratio of 2.68 and a beta of 0.31. The firm has a fifty day simple moving average of $46.17 and a two-hundred day simple moving average of $46.71. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the business posted $0.39 EPS. The firm’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, analysts expect that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

Exelon Announces Dividend

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 issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 4th. Exelon’s dividend payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp decreased their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Truist Financial lowered their price target on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Finally, TD Cowen dropped their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.07.

Exelon 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.