Exelon Corporation (NASDAQ:EXC) Position Reduced by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its holdings in Exelon Corporation by 15.5%, now owning 80,488 shares valued at approximately $3.71 million.
• Exelon recently announced a quarterly dividend of $0.40, representing an annual yield of 3.5% and a payout ratio of 60.84%.
• Shares of Exelon opened at $45.32, with recent performance indicating a 0.5% decrease in stock value, and the company has a current market capitalization of $45.77 billion.

Mizuho Securities USA LLC cut its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,488 shares of the company's stock after selling 14,747 shares during the quarter. Mizuho Securities USA LLC's holdings in Exelon were worth $3,709,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in Exelon in the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its position in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in Exelon during the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon in the 1st quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Exelon in the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

EXC has been the topic of a number of research reports. BMO Capital Markets upped their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Evercore ISI increased their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Guggenheim increased their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, KeyCorp lowered their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Exelon has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Stock Down 1.3%

NASDAQ EXC traded down $0.58 during trading hours on Thursday, hitting $44.65. The company had a trading volume of 5,822,006 shares, compared to its average volume of 7,374,574. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a market capitalization of $45.10 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 2.62 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm's 50 day moving average is $43.53 and its 200 day moving average is $43.88.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Sell-side analysts anticipate 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. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

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.