The Manufacturers Life Insurance Company Makes New $51.31 Million Investment in Exelon Corporation $EXC

The Manufacturers Life Insurance Company purchased a new position in shares of Exelon Corporation (NASDAQ:EXC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,100,559 shares of the company’s stock, valued at approximately $51,308,000. The Manufacturers Life Insurance Company owned approximately 0.11% of Exelon at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXC. Resonant Capital Advisors LLC boosted its position in shares of 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 purchasing an additional 217 shares in the last quarter. PFG Investments LLC increased its position in Exelon by 1.6% during the 1st quarter. PFG Investments LLC now owns 14,242 shares of the company’s stock valued at $698,000 after buying an additional 218 shares in the last quarter. Texas Bank & Trust Co raised its stake in Exelon by 1.5% in the first quarter. Texas Bank & Trust Co now owns 15,410 shares of the company’s stock valued at $755,000 after buying an additional 229 shares during the last quarter. Westfuller Advisors LLC boosted its holdings in Exelon by 12.5% in the first quarter. Westfuller Advisors LLC now owns 2,091 shares of the company’s stock worth $103,000 after acquiring an additional 232 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Exelon by 2.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,634 shares of the company’s stock worth $376,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Truist Financial lowered their target price on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Morgan Stanley dropped their target price on shares of Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. TD Cowen decreased their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, May 15th. Finally, KeyCorp dropped their price objective on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and an average target price of $50.07.

Exelon Stock Performance

NASDAQ EXC opened at $44.44 on Thursday. The firm has a market capitalization of $45.87 billion, a P/E ratio of 16.28, a PEG ratio of 2.68 and a beta of 0.31. The stock has a 50-day simple moving average of $46.15 and a two-hundred day simple moving average of $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 fifty-two week low of $42.58 and a fifty-two week high of $50.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 10.99% and a return on equity of 9.81%. The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities analysts forecast that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.42 per share. 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 dividend 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.