Cibc World Market Inc. Invests $6.89 Million in Exelon Corporation $EXC

Cibc World Market Inc. acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the second quarter, Holdings Channel reports. The firm acquired 147,868 shares of the company’s stock, valued at approximately $6,894,000.

Several other large investors also recently added to or reduced their stakes in EXC. Resonant Capital Advisors LLC grew its stake in Exelon by 2.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 9,392 shares of the company’s stock worth $460,000 after acquiring an additional 217 shares in the last quarter. PFG Investments LLC raised its stake in shares of Exelon by 1.6% during the first quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after acquiring an additional 218 shares in the last quarter. Texas Bank & Trust Co raised its stake in shares of Exelon by 1.5% during the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after acquiring an additional 229 shares in the last quarter. Westfuller Advisors LLC boosted its holdings in shares of Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock valued at $103,000 after purchasing an additional 232 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock valued at $376,000 after purchasing an additional 233 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXC shares. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Truist Financial lowered their target price on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Morgan Stanley dropped their price target on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research 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 decreased their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.07.

Exelon Price Performance

NASDAQ EXC opened at $44.31 on Wednesday. The company 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 firm’s 50 day moving average price is $46.17 and its 200-day moving average price is $46.71. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $5.97 billion during 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 business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.39 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 Announces Dividend

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 given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio is presently 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.