CIBC Bancorp USA Inc. Invests $7.94 Million in Exelon Corporation $EXC

CIBC Bancorp USA Inc. bought a new stake in Exelon Corporation (NASDAQ:EXC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 176,304 shares of the company’s stock, valued at approximately $7,935,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Exelon in the 2nd quarter worth approximately $589,122,000. Lazard Asset Management LLC boosted its position in Exelon by 32.9% in the third quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock worth $1,010,299,000 after purchasing an additional 5,554,494 shares during the last quarter. 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 valued at $160,137,000 after purchasing an additional 3,554,891 shares during the period. Canada Pension Plan Investment Board grew its stake in Exelon by 164.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after purchasing an additional 3,476,942 shares during the period. Finally, Allianz Asset Management GmbH increased its position in shares of Exelon by 170.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock valued at $202,742,000 after purchasing an additional 2,841,118 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $46.44 on Friday. The firm has a market cap of $47.50 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.79 and a beta of 0.45. Exelon Corporation has a 1-year low of $41.71 and a 1-year high of $50.65. The firm has a 50-day moving average of $46.65 and a 200-day moving average of $45.58. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. Exelon had a return on equity of 9.97% and a net margin of 11.41%.During the same period in the previous year, the business earned $0.64 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a $0.42 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. This represents a $1.68 annualized dividend and a dividend yield of 3.6%. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wolfe Research downgraded shares of Exelon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Barclays decreased their price objective on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. UBS Group lifted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Scotiabank increased their target price on shares of Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company raised their price target on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.93.

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.