Nomura Asset Management Co. Ltd. Purchases 91,610 Shares of Exelon Corporation $EXC

Nomura Asset Management Co. Ltd. lifted its holdings in Exelon Corporation (NASDAQ:EXC) by 13.4% during the 2nd quarter, according to its most recent 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.’s holdings in Exelon were worth $33,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Exelon by 0.5% during the first quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company’s stock valued at $5,894,417,000 after buying an additional 581,686 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Exelon by 3.4% during 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. Deutsche Bank AG grew its position in shares of Exelon by 11.6% during the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company’s stock valued at $879,092,000 after acquiring an additional 1,988,212 shares during the period. Invesco Ltd. increased its stake in shares of Exelon by 0.6% in the 1st quarter. Invesco Ltd. now owns 13,802,263 shares of the company’s stock worth $636,008,000 after purchasing an additional 83,518 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Exelon by 11.8% in the 1st quarter. Northern Trust Corp now owns 12,531,900 shares of the company’s stock worth $577,470,000 after purchasing an additional 1,319,637 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EXC. TD Cowen started coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Jefferies Financial Group set a $57.00 price objective on Exelon in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a research note on Friday, October 31st. KeyCorp raised their target price on shares of Exelon from $37.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 15th. Finally, Barclays lifted their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Stock Down 0.5%

Shares of EXC opened at $46.38 on Wednesday. The business’s 50 day moving average is $45.77 and its 200 day moving average is $44.47. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12-month low of $35.94 and a 12-month high of $48.51. The company has a market capitalization of $46.86 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a net margin of 11.16% and a return on equity of 9.85%. 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. Research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is currently 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.