Exelon Corporation $EXC Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Exelon Corporation (NASDAQ:EXC) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,118,427 shares of the company’s stock after selling 29,505 shares during the period. The Manufacturers Life Insurance Company’s holdings in Exelon were worth $54,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc grew its holdings in shares of Exelon by 113.4% during the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after buying an additional 287 shares in the last quarter. Motiv8 Investments LLC purchased a new position in shares of Exelon during the fourth quarter valued at approximately $25,000. Optima Capital LLC purchased a new position in shares of Exelon during the fourth quarter valued at approximately $25,000. SHP Wealth Management acquired a new stake in Exelon during the fourth quarter worth approximately $26,000. Finally, Leonteq Securities AG acquired a new stake in Exelon during the fourth quarter worth approximately $26,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the subject of several analyst reports. Barclays downgraded Exelon from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $49.00 in a report on Friday, April 17th. Jefferies Financial Group cut Exelon from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $50.00 in a report on Monday, April 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $49.00 price objective (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. KeyCorp dropped their target price on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reduced their target price on Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.33.

Exelon Stock Performance

NASDAQ:EXC opened at $47.03 on Thursday. The company has a market cap of $48.12 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.86 and a beta of 0.31. The firm’s 50 day moving average is $46.32 and its two-hundred day moving average is $46.58. Exelon Corporation has a fifty-two week low of $42.58 and a fifty-two week high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Analysts expect that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio 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.