Daiwa Securities Group Inc. Grows Stock Holdings in Exelon Corporation $EXC

Daiwa Securities Group Inc. lifted its position in Exelon Corporation (NASDAQ:EXC) by 44.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,274 shares of the company’s stock after purchasing an additional 106,681 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Exelon were worth $14,992,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EXC. Hager Investment Management Services LLC raised its holdings in shares of Exelon by 100.0% during the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after buying an additional 335 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Exelon during the second quarter valued at approximately $29,000. CoreFirst Bank & Trust purchased a new position in shares of Exelon during the second quarter worth approximately $38,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Exelon in the 2nd quarter worth approximately $39,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Exelon by 213.7% in the 2nd quarter. Sound Income Strategies LLC now owns 1,189 shares of the company’s stock valued at $52,000 after purchasing an additional 810 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $43.76 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $46.25 and a 200-day moving average price of $44.57. The company has a market cap of $44.21 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.66 and a beta of 0.45. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. Exelon had a return on equity of 10.28% and a net margin of 11.60%.The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Exelon’s dividend payout ratio (DPR) is presently 57.35%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of analyst reports. TD Cowen started coverage on shares of Exelon in a research report on Thursday, October 16th. They issued a “hold” rating and a $49.00 target price on the stock. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group set a $57.00 price objective on Exelon in a report on Wednesday, October 15th. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Finally, Barclays raised their price target on Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus price target of $50.45.

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.