Westpac Banking Corp Acquires New Holdings in Exelon Corporation $EXC

Westpac Banking Corp bought a new stake in Exelon Corporation (NASDAQ:EXC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,870 shares of the company’s stock, valued at approximately $1,719,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Exelon by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 131,118,541 shares of the company’s stock worth $5,715,457,000 after buying an additional 595,555 shares in the last quarter. BlackRock Inc. bought a new position in shares of Exelon in the 2nd quarter valued at $5,583,709,000. State Street Corp boosted its holdings in shares of Exelon by 4.0% during the 4th quarter. State Street Corp now owns 66,623,103 shares of the company’s stock valued at $2,904,101,000 after acquiring an additional 2,550,786 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Exelon by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock valued at $1,206,887,000 after acquiring an additional 1,490,251 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Exelon by 2.9% during the 4th quarter. Deutsche Bank AG now owns 20,964,736 shares of the company’s stock worth $913,853,000 after acquiring an additional 595,655 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $43.78 on Friday. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 2.65 and a beta of 0.31. Exelon Corporation has a twelve month low of $42.58 and a twelve month high of $50.65. The company’s fifty day moving average is $46.25 and its 200 day moving average is $46.68. 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 earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. 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 year.

Exelon Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on EXC shares. 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. TD Cowen cut their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Truist Financial lowered their price objective on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, KeyCorp dropped their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Four equities research 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. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $50.07.

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.