12,913 Shares in Exelon Corporation $EXC Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. purchased a new position in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,913 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LLP purchased a new position in shares of Exelon during the 1st quarter valued at about $286,000. Woodline Partners LP grew its stake in shares of Exelon by 40.7% during the 1st quarter. Woodline Partners LP now owns 84,925 shares of the company’s stock valued at $3,913,000 after acquiring an additional 24,580 shares during the period. Jump Financial LLC purchased a new stake in Exelon in the 2nd quarter worth approximately $2,448,000. Gamco Investors INC. ET AL purchased a new stake in Exelon in the 2nd quarter worth approximately $645,000. Finally, Treasurer of the State of North Carolina raised its stake in Exelon by 3.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after acquiring an additional 14,240 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Exelon Price Performance

EXC stock opened at $43.78 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. The company’s fifty day moving average price is $46.25 and its 200-day moving average price is $46.68. Exelon Corporation has a one year low of $42.58 and a one year high of $50.65. The company has a market capitalization of $45.19 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31.

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

Exelon Announces Dividend

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 issued 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 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.