Exelon Corporation $EXC Stake Lessened by Bank of Nova Scotia

Bank of Nova Scotia lessened its holdings in Exelon Corporation (NASDAQ:EXC) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

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

Exelon Stock Performance

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

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXC. Barclays downgraded Exelon from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $50.00 to $49.00 in a research note on Friday, April 17th. TD Cowen dropped their price objective on Exelon from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada cut their price objective on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 20th. Morgan Stanley reduced their target price on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Finally, KeyCorp decreased their target price on shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.33.

Exelon Company 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.