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

Hsbc Holdings PLC purchased a new position in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 8,890,472 shares of the company’s stock, valued at approximately $414,530,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Caxton Associates LLP bought a new position in Exelon in the 1st quarter valued at $286,000. Woodline Partners LP lifted its position in shares of Exelon by 40.7% during the first quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock worth $3,913,000 after purchasing an additional 24,580 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Exelon during the second quarter valued at $2,448,000. Gamco Investors INC. ET AL bought a new position in shares of Exelon in the second quarter worth about $645,000. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Exelon by 3.1% in the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after purchasing an additional 14,240 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Exelon Stock Performance

NASDAQ EXC opened at $44.31 on Wednesday. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The stock has a market cap of $45.74 billion, a PE ratio of 16.23, a P/E/G ratio of 2.68 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $46.17 and a 200-day simple moving average of $46.71.

Exelon (NASDAQ:EXC) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio is 61.54%.

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.