Tobam Boosts Stock Position in Exelon Corporation $EXC

Tobam raised its holdings in Exelon Corporation (NASDAQ:EXC) by 8.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,276 shares of the company’s stock after acquiring an additional 12,383 shares during the quarter. Exelon makes up 1.7% of Tobam’s holdings, making the stock its 16th largest holding. Tobam’s holdings in Exelon were worth $6,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors purchased a new position in Exelon in the 4th quarter worth about $738,333,000. Norges Bank bought a new stake in Exelon during the 4th quarter valued at about $617,974,000. Capital World Investors boosted its position in Exelon by 807.4% in the 4th quarter. Capital World Investors now owns 10,100,575 shares of the company’s stock valued at $440,284,000 after buying an additional 8,987,453 shares during the period. Lazard Asset Management LLC boosted its position in Exelon by 32.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after buying an additional 5,554,494 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its stake in Exelon by 134,604.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock worth $160,137,000 after acquiring an additional 3,554,891 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $50.00 to $49.00 in a research report on Friday, April 17th. KeyCorp dropped their price objective on 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 reduced their price objective on Exelon from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group lowered Exelon from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $50.00 in a research report on Monday, April 20th. Finally, Citigroup began coverage on Exelon in a report on Thursday, March 26th. They issued a “buy” rating and a $58.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.27.

Exelon Stock Performance

NASDAQ:EXC opened at $45.81 on Friday. Exelon Corporation has a one year low of $42.23 and a one year high of $50.65. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.94. The firm has a market cap of $46.87 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.65 and a beta of 0.31. The firm has a 50-day simple moving average of $45.88 and a 200-day simple moving average of $45.96.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $7.24 billion for 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 company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, June 4th. Exelon’s dividend payout ratio (DPR) 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.