Bank of New York Mellon Corp Grows Stock Position in Exelon Corporation $EXC

Bank of New York Mellon Corp boosted its stake in shares of Exelon Corporation (NASDAQ:EXC) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,928,833 shares of the company’s stock after acquiring an additional 131,017 shares during the quarter. Bank of New York Mellon Corp owned 1.28% of Exelon worth $581,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hager Investment Management Services LLC lifted its position in Exelon by 100.0% in the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after purchasing an additional 335 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Exelon in the second quarter worth $29,000. Root Financial Partners LLC purchased a new stake in Exelon during the 3rd quarter valued at $30,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Exelon during the 3rd quarter valued at $32,000. Finally, Motco grew its holdings in Exelon by 1,008.7% in the 3rd quarter. Motco now owns 765 shares of the company’s stock worth $34,000 after acquiring an additional 696 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Down 0.2%

EXC stock opened at $44.76 on Thursday. The business has a 50 day moving average of $44.28 and a 200 day moving average of $44.77. The firm has a market cap of $45.22 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. Exelon Corporation has a twelve month low of $39.47 and a twelve month high of $48.51. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.60% and a return on equity of 10.28%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EXC shares. Royal Bank Of Canada started coverage on shares of Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 target price for the company. Wolfe Research cut Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Barclays reduced their target price on Exelon from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Wells Fargo & Company decreased their target price on Exelon from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, Evercore ISI began coverage on shares of Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.38.

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.