Royal Bank of Canada Sells 303,785 Shares of Exelon Corporation $EXC

Royal Bank of Canada trimmed its holdings in Exelon Corporation (NASDAQ:EXC) by 5.8% during the first quarter, Holdings Channel reports. The firm owned 4,903,127 shares of the company’s stock after selling 303,785 shares during the quarter. Royal Bank of Canada’s holdings in Exelon were worth $240,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Regal Partners Ltd bought a new stake in Exelon in the first quarter worth approximately $735,000. Empowered Funds LLC boosted its holdings in shares of Exelon by 21.3% during the 1st quarter. Empowered Funds LLC now owns 57,913 shares of the company’s stock worth $2,839,000 after buying an additional 10,178 shares in the last quarter. Energy Income Partners LLC boosted its holdings in shares of Exelon by 1.6% during the 1st quarter. Energy Income Partners LLC now owns 183,139 shares of the company’s stock worth $8,977,000 after buying an additional 2,969 shares in the last quarter. Excelsior Advisor Network LLC acquired a new stake in shares of Exelon during the 1st quarter worth approximately $487,000. Finally, Quantinno Capital Management LP grew its position in shares of Exelon by 58.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,340,641 shares of the company’s stock worth $65,718,000 after buying an additional 492,209 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $47.03 on Thursday. 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 Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The stock’s 50 day moving average is $46.32 and its 200-day moving average is $46.58. The firm has a market capitalization of $48.12 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.86 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results 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 business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. Exelon’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. 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 fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXC shares. Morgan Stanley dropped their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $50.00 to $49.00 in a report on Friday, April 17th. Royal Bank Of Canada decreased their price target on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 20th. KeyCorp dropped their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Finally, Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Four equities research 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, Exelon presently has an average rating of “Hold” and a consensus price target of $50.33.

Exelon Company 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.