Nissay Asset Management Corp Japan Acquires 20,071 Shares of Exelon Corporation $EXC

Nissay Asset Management Corp Japan boosted its holdings in Exelon Corporation (NASDAQ:EXC) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,707 shares of the company’s stock after purchasing an additional 20,071 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Exelon were worth $14,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EXC. Bell Investment Advisors Inc grew its position in shares of Exelon by 113.4% during the 1st quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Exelon during the first quarter worth approximately $27,000. Eastern Bank acquired a new stake in shares of Exelon in the second quarter valued at approximately $26,000. Motiv8 Investments LLC acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $25,000. Finally, SHP Wealth Management acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $43.93 on Friday. The firm has a 50 day moving average of $46.08 and a 200-day moving average of $46.69. Exelon Corporation has a 12 month low of $42.58 and a 12 month high of $50.65. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $45.35 billion, a PE ratio of 16.09, a PEG ratio of 2.66 and a beta of 0.31.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.44 billion. Exelon had a return on equity of 9.81% and a net margin of 10.99%.The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. On average, equities research analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 4th. Exelon’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent research reports. TD Cowen cut their price target on Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. KeyCorp dropped their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Truist Financial cut their target price on Exelon from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Morgan Stanley cut their target price on Exelon from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Finally, Weiss Ratings lowered Exelon from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.07.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.