Canada Pension Plan Investment Board Acquires Shares of 3,274,792 Exelon Corporation $EXC

Canada Pension Plan Investment Board bought a new position in Exelon Corporation (NASDAQ:EXC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,274,792 shares of the company’s stock, valued at approximately $152,671,000.

Other hedge funds have also added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new stake in shares of Exelon during the fourth quarter valued at approximately $25,000. Leonteq Securities AG purchased a new stake in shares of Exelon in the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc grew its stake in Exelon by 113.4% in the first quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares in the last quarter. SHP Wealth Management bought a new position in Exelon in the fourth quarter worth approximately $26,000. Finally, Eastern Bank bought a new position in Exelon in the second quarter worth approximately $26,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Exelon Price Performance

NASDAQ EXC opened at $44.44 on Thursday. The company has a market cap of $45.87 billion, a PE ratio of 16.28, a P/E/G ratio of 2.68 and a beta of 0.31. The firm’s 50 day moving average price is $46.15 and its 200-day moving average price is $46.72. 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 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 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 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.