Sumitomo Life Insurance Co. Takes Position in Exelon Corporation $EXC

Sumitomo Life Insurance Co. bought a new stake in Exelon Corporation (NASDAQ:EXC) in the second quarter, HoldingsChannel.com reports. The fund bought 12,913 shares of the company’s stock, valued at approximately $602,000.

Other large investors also recently bought and sold shares of the company. Motiv8 Investments LLC bought a new position in Exelon during the fourth quarter valued at $25,000. Leonteq Securities AG bought a new stake in shares of Exelon in the 4th quarter worth about $26,000. Bell Investment Advisors Inc raised its position in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock valued at $26,000 after buying an additional 287 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Exelon during the 4th quarter valued at about $26,000. Finally, Eastern Bank bought a new position in shares of Exelon in the 2nd quarter valued at about $26,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $43.78 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The company has a market capitalization of $45.19 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.65 and a beta of 0.31. The firm’s 50-day moving average is $46.25 and its 200 day moving average is $46.68.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The firm had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Research analysts predict that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp decreased their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. 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. TD Cowen dropped their target price on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Finally, Morgan Stanley cut their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.07.

About Exelon

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.