Te Ahumairangi Investment Management Ltd Buys New Stake in Exelon Corporation $EXC

Te Ahumairangi Investment Management Ltd acquired a new stake in Exelon Corporation (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 150,863 shares of the company’s stock, valued at approximately $7,033,000. Exelon accounts for 1.1% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LLP purchased a new position in shares of Exelon in the 1st quarter valued at about $286,000. Woodline Partners LP boosted its holdings in shares of Exelon by 40.7% in the first 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 acquired a new stake in Exelon during the 2nd quarter worth $2,448,000. Gamco Investors INC. ET AL acquired a new position in Exelon in the second quarter valued at $645,000. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Exelon by 3.1% during the second quarter. Treasurer of the State of North Carolina now owns 472,175 shares of the company’s stock worth $20,502,000 after buying an additional 14,240 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC stock opened at $43.78 on Monday. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The stock’s fifty day simple moving average is $46.25 and its 200-day simple moving average is $46.70.

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

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s payout ratio is 61.54%.

Analysts Set New Price Targets

EXC has been the subject of several analyst reports. 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. 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. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. TD Cowen decreased their target price 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, KeyCorp dropped their price target on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. 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 company. Based on data from MarketBeat, Exelon has an average 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.