Exelon Corporation $EXC Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lessened its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,974 shares of the company’s stock after selling 15,815 shares during the period. Bank of Nova Scotia’s holdings in Exelon were worth $7,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Optima Capital LLC bought a new stake in Exelon in the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of Exelon during the fourth quarter worth about $25,000. Leonteq Securities AG bought a new position in shares of Exelon during the fourth quarter worth about $26,000. SHP Wealth Management acquired a new stake in shares of Exelon in the 4th quarter worth about $26,000. Finally, Bell Investment Advisors Inc increased its holdings in shares of Exelon by 113.4% in the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXC shares. KeyCorp reduced their target price on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Mizuho set a $48.00 price target on shares of Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. TD Cowen cut their price target on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Truist Financial increased their price objective on Exelon from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.33.

Exelon Price Performance

NASDAQ:EXC opened at $47.15 on Tuesday. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The firm has a market cap of $48.24 billion, a P/E ratio of 17.27, a PEG ratio of 2.75 and a beta of 0.31. The business’s 50-day moving average price is $46.22 and its 200 day moving average price is $46.52.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.93 billion. Exelon had a net margin of 11.21% and a return on equity of 9.83%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, sell-side analysts predict that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.

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.