Hsbc Holdings PLC Boosts Stake in Exelon Corporation $EXC

Hsbc Holdings PLC increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 51.0% during the fourth quarter, HoldingsChannel reports. The fund owned 7,579,131 shares of the company’s stock after buying an additional 2,558,473 shares during the period. Hsbc Holdings PLC’s holdings in Exelon were worth $330,502,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EXC. ASR Vermogensbeheer N.V. boosted its stake in shares of Exelon by 28.4% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after acquiring an additional 60,250 shares in the last quarter. Nordea Investment Management AB increased its stake in Exelon by 14.6% in the 4th quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock valued at $352,397,000 after purchasing an additional 1,024,106 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its stake in Exelon by 26.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after purchasing an additional 45,723 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Exelon by 19.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 582,262 shares of the company’s stock valued at $25,404,000 after purchasing an additional 93,682 shares in the last quarter. Finally, Prudential PLC raised its holdings in Exelon by 14.2% during the third quarter. Prudential PLC now owns 500,289 shares of the company’s stock worth $22,518,000 after purchasing an additional 62,153 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of several research reports. Truist Financial lowered their target price on Exelon from $50.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 29th. KeyCorp lowered their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. 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. BMO Capital Markets reiterated a “market perform” rating and issued a $49.00 price target (down from $52.00) on shares of Exelon in a research report on Friday, April 17th. Finally, Barclays cut shares of Exelon from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.27.

Exelon Price Performance

EXC opened at $45.81 on Friday. The firm has a market cap of $46.87 billion, a P/E ratio of 16.78, a PEG ratio of 2.65 and a beta of 0.31. The business’s fifty day simple moving average is $45.88 and its 200 day simple moving average is $45.96. Exelon Corporation has a 52 week low of $42.23 and a 52 week high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities research analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Thursday, June 4th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s payout ratio is currently 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.