Bank of New York Mellon Corp Boosts Stock Holdings in Exelon Corporation $EXC

Bank of New York Mellon Corp boosted its stake in Exelon Corporation (NASDAQ:EXC) by 1.0% during the 3rd quarter, Holdings Channel reports. The firm owned 12,928,833 shares of the company’s stock after buying an additional 131,017 shares during the quarter. Bank of New York Mellon Corp’s holdings in Exelon were worth $581,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Vanguard Group Inc. increased its holdings in shares of Exelon by 1.6% in the second quarter. Vanguard Group Inc. now owns 129,992,051 shares of the company’s stock worth $5,644,255,000 after purchasing an additional 2,075,014 shares during the last quarter. State Street Corp grew its holdings in Exelon by 4.0% during the 2nd quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after buying an additional 2,491,064 shares in the last quarter. Geode Capital Management LLC increased its stake in Exelon by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 27,958,588 shares of the company’s stock worth $1,209,229,000 after acquiring an additional 931,897 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Exelon by 7.4% during the 2nd quarter. Invesco Ltd. now owns 14,826,137 shares of the company’s stock worth $643,751,000 after acquiring an additional 1,023,874 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Exelon during the 2nd quarter valued at approximately $589,122,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of several research reports. Evercore ISI began coverage on shares of Exelon in a research report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target on the stock. KeyCorp set a $39.00 target price on shares of Exelon in a report on Friday, December 12th. TD Cowen initiated coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 target price on the stock. Wolfe Research lowered Exelon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Finally, BTIG Research assumed coverage on Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.38.

Exelon Price Performance

EXC stock opened at $44.76 on Thursday. The stock has a market cap of $45.22 billion, a PE ratio of 16.04, a P/E/G ratio of 2.63 and a beta of 0.46. Exelon Corporation has a 12 month low of $39.47 and a 12 month high of $48.51. The company has a 50-day moving average price of $44.28 and a 200 day moving average price of $44.77. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The business 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. Equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

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.