Exelon Co. (NASDAQ:EXC) Stake Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in Exelon Co. (NASDAQ:EXC) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 823,183 shares of the company’s stock after purchasing an additional 14,175 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Exelon were worth $29,552,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in EXC. Addison Advisors LLC boosted its stake in Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. Moors & Cabot Inc. increased its position in Exelon by 4.5% during the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after acquiring an additional 303 shares during the period. Redhawk Wealth Advisors Inc. raised its stake in Exelon by 6.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock valued at $212,000 after purchasing an additional 347 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in Exelon by 1.4% during the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock valued at $917,000 after acquiring an additional 360 shares during the period. Finally, UNIVEST FINANCIAL Corp increased its stake in Exelon by 5.3% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock valued at $265,000 after acquiring an additional 374 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXC shares. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Barclays boosted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. TheStreet cut shares of Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Wells Fargo & Company boosted their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus price target of $38.83.

Exelon Stock Down 0.9 %

NASDAQ EXC traded down $0.34 on Friday, reaching $36.69. The company had a trading volume of 4,187,738 shares, compared to its average volume of 6,614,843. The firm has a market capitalization of $36.69 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.68 and a beta of 0.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53. The company’s fifty day moving average is $37.43 and its 200-day moving average is $36.86.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.70 billion. On average, research analysts forecast that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 4.14%. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

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.