Nissay Asset Management Corp Japan ADV lifted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 10.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,245 shares of the company's stock after purchasing an additional 22,894 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Exelon were worth $11,439,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in Exelon during the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its position in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Exelon in the first quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon in the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon in the first quarter valued at $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.
Exelon Stock Performance
Shares of Exelon stock traded up $0.07 on Tuesday, reaching $43.09. 3,656,575 shares of the company were exchanged, compared to its average volume of 5,329,962. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. 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 firm has a market cap of $43.52 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.52 and a beta of 0.41. The company's 50-day moving average is $43.99 and its two-hundred day moving average is $44.22.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm's quarterly revenue was up 1.2% on a year-over-year basis. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.
Exelon Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.7%. Exelon's dividend payout ratio is presently 60.84%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, KeyCorp dropped their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $47.20.
Read Our Latest Report on EXC
About Exelon
(
Free Report)
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.
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