Nissay Asset Management Corp Japan Acquires 20,071 Shares of Exelon Corporation $EXC

Nissay Asset Management Corp Japan raised its holdings in Exelon Corporation (NASDAQ:EXC) by 7.1% during the second quarter, HoldingsChannel.com reports. The fund owned 304,707 shares of the company’s stock after purchasing an additional 20,071 shares during the period. Nissay Asset Management Corp Japan’s holdings in Exelon were worth $14,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Exelon in the 2nd quarter valued at approximately $5,583,709,000. GQG Partners LLC bought a new stake in shares of Exelon during the 2nd quarter valued at approximately $922,917,000. Capital International Investors bought a new stake in shares of Exelon during the 4th quarter valued at approximately $738,333,000. Norges Bank acquired a new position in Exelon during the 4th quarter worth approximately $617,974,000. Finally, Legal & General Group Plc acquired a new position in Exelon during the 2nd quarter worth approximately $602,760,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EXC. TD Cowen dropped their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. KeyCorp lowered their price target on shares of Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Truist Financial lowered their price target on shares of Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Weiss Ratings cut Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley cut their price objective on Exelon from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.07.

Exelon Trading Down 0.1%

Shares of NASDAQ EXC opened at $43.93 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.09. Exelon Corporation has a 52-week low of $42.58 and a 52-week high of $50.65. The firm has a 50 day moving average price of $46.08 and a two-hundred day moving average price of $46.69. The stock has a market cap of $45.35 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the firm posted $0.39 EPS. Exelon’s revenue for the quarter was up 10.0% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. As a group, equities analysts forecast that Exelon Corporation will post 2.86 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. Exelon’s payout ratio is presently 61.54%.

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.