Exelon Corporation $EXC Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its stake in Exelon Corporation by 52.1%, selling 78,948 shares and leaving it with 72,631 shares valued at approximately $3.35 million.
• Exelon recently reported $0.39 EPS for the quarter, exceeding expectations, while also announcing a quarterly dividend of $0.40 per share, yielding 3.7%.
• Investment analysts are mixed on Exelon's stock, with ratings including "underweight" from KeyCorp and "outperform" from Morgan Stanley, while the consensus target price is set at $47.20.

Nomura Holdings Inc. lessened its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 52.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,631 shares of the company's stock after selling 78,948 shares during the quarter. Nomura Holdings Inc.'s holdings in Exelon were worth $3,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Baird Financial Group Inc. raised its stake in shares of Exelon by 11.5% in the 1st quarter. Baird Financial Group Inc. now owns 29,894 shares of the company's stock valued at $1,378,000 after purchasing an additional 3,083 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Exelon by 20.6% in the 1st quarter. Panagora Asset Management Inc. now owns 2,073,512 shares of the company's stock valued at $95,547,000 after purchasing an additional 354,019 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Exelon by 45.4% in the 1st quarter. Vident Advisory LLC now owns 53,664 shares of the company's stock valued at $2,473,000 after purchasing an additional 16,754 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Exelon in the 1st quarter valued at about $294,000. Finally, Magnetar Financial LLC acquired a new stake in Exelon during the first quarter worth about $3,365,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

EXC opened at $43.68 on Tuesday. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a market cap of $44.12 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.56 and a beta of 0.41. The company's 50-day moving average price is $43.95 and its 200 day moving average price is $44.21.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. Exelon'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, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be given a $0.40 dividend. 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 60.84%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXC. KeyCorp dropped their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Morgan Stanley reiterated an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Company 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.

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