Nomura Asset Management Co. Ltd. Grows Position in Exelon Corporation $EXC

Nomura Asset Management Co. Ltd. increased its position in Exelon Corporation (NASDAQ:EXC) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 776,335 shares of the company’s stock after purchasing an additional 91,610 shares during the period. Nomura Asset Management Co. Ltd. owned 0.08% of Exelon worth $33,708,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in shares of Exelon by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,672,883 shares of the company’s stock valued at $72,637,000 after purchasing an additional 100,406 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Exelon in the 1st quarter worth approximately $47,789,000. Intech Investment Management LLC increased its position in Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after buying an additional 8,809 shares in the last quarter. Nordea Investment Management AB increased its position in Exelon by 11.7% during the 2nd quarter. Nordea Investment Management AB now owns 6,944,168 shares of the company’s stock valued at $298,669,000 after buying an additional 724,957 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Exelon by 26.2% during the first quarter. Empowered Funds LLC now owns 72,308 shares of the company’s stock valued at $3,332,000 after buying an additional 15,019 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EXC shares. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a report on Friday, October 31st. TD Cowen assumed coverage on shares of Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price objective on the stock. KeyCorp raised their price objective on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Barclays upped their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Exelon has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Price Performance

EXC opened at $46.38 on Wednesday. The company’s 50-day simple moving average is $45.77 and its two-hundred day simple moving average is $44.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The stock has a market capitalization of $46.86 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.93 and a beta of 0.44. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.17. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is presently 57.35%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.