Norinchukin Bank The Has $3.99 Million Holdings in Exelon Corporation $EXC

Key Points

• Norinchukin Bank increased its holdings in Exelon Corporation by 43.0%, owning 86,629 shares worth approximately $3.99 million by the end of the first quarter.
• Exelon's stock underwent numerous price target adjustments by analysts, with BMO Capital Markets increasing their target from $46.00 to $50.00, while KeyCorp lowered theirs from $39.00 to $37.00.
• The company recently announced a quarterly dividend of $0.40, providing an annual yield of 3.6%, with a current payout ratio of 60.84%.

Norinchukin Bank The raised its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 43.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,629 shares of the company's stock after acquiring an additional 26,051 shares during the quarter. Norinchukin Bank The's holdings in Exelon were worth $3,992,000 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 EXC. Providence Wealth Advisors LLC raised its position in Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock valued at $1,802,000 after purchasing an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. raised 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 buying an additional 220 shares during the last quarter. CWM LLC raised its position in Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock worth $1,556,000 after buying an additional 226 shares during the last quarter. Catalyst Financial Partners LLC raised its position in Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock worth $450,000 after buying an additional 230 shares during the last quarter. Finally, Centre Asset Management LLC raised its position in Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.4%

NASDAQ:EXC traded down $0.17 during trading hours on Wednesday, hitting $44.26. The stock had a trading volume of 1,309,408 shares, compared to its average volume of 7,277,635. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The business has a 50 day simple moving average of $43.85 and a two-hundred day simple moving average of $44.16. The company has a market cap of $44.70 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly 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. 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 analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. Analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio is presently 60.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXC. Evercore ISI upped their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Guggenheim upped their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley reaffirmed an "outperform" rating on shares of Exelon in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Five investment 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. According to MarketBeat.com, Exelon has a consensus rating of "Hold" and an average target price of $47.20.

About Exelon

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.