Mackenzie Financial Corp Sells 156,682 Shares of Exelon Corporation $EXC

Mackenzie Financial Corp cut its stake in Exelon Corporation (NASDAQ:EXC) by 14.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 951,031 shares of the company’s stock after selling 156,682 shares during the period. Mackenzie Financial Corp owned about 0.09% of Exelon worth $42,806,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC lifted its stake in Exelon by 210.8% during the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 392 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Exelon during the 2nd quarter valued at about $29,000. Root Financial Partners LLC purchased a new position in shares of Exelon during the 3rd quarter valued at about $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in Exelon in the 3rd quarter worth approximately $32,000. Finally, Motco lifted its position in Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after buying an additional 696 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EXC. Mizuho increased their price target on shares of Exelon from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Scotiabank upped their price objective on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Wolfe Research lowered shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. UBS Group lifted their target price on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Exelon from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.93.

Exelon Stock Up 1.3%

Shares of Exelon stock opened at $49.48 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.84 and a current ratio of 0.92. Exelon Corporation has a 52-week low of $41.71 and a 52-week high of $49.88. The company’s 50 day moving average price is $46.00 and its 200-day moving average price is $45.38. The stock has a market capitalization of $50.61 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 2.84 and a beta of 0.45.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. This is a positive change from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 2nd. Exelon’s payout ratio is currently 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.